India and World Bank sign agreement to improve efficiency and attractiveness of City Bus Services
Posted on:01 Jun 2016 14:26:48
01 June 2016 Current Affairs GK: The Government of India and the World Bank has signed a 9.2 million US dollar grant agreement under the World Bank-Global Environment Facility (GEF) Programme for the Efficient and Sustainable City Bus Service Project on 31 May 2016.
The project aims at improving the efficiency and attractiveness of bus services in select Indian cities.
The project will complement the Government of India’s Bus Funding Scheme launched to promote public transport by supporting cities to modernize their bus services.
Demonstration cities where the various initiatives for improving city bus services will be undertaken are Mira Bhayandar in Maharashtra,Chandigarh, Jaipur, and Bhopal.
Highlights of the project : The project will demonstrate low cost high impact initiatives in efficient bus operations. It will focus on modernizing city bus services through modern depots for improving the maintenance of buses. It will introduce modern Intelligent Transport Systems and Management Information Systems for better planning and management of operations.It will provide technical support to vehicles and drivers for better fuel efficiency, among others.The project is designed to specifically focus on identifying regulatory, institutional and fiscal constraints to operation of sustainable city bus services.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail