Monday, 31 July 2017

Government to invest Rs 1000 cr for world class bus terminals

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The Union road transport ministry has said that it is planning to invest to the tune of Rs 1,000 crore to its state counterparts to set up large world-class bus terminals in as many as 2,000 cities and towns. Commenting on the issue, Union road transport minister Nitin Gadkari told the media, "We have a Rs 1,000-crore funding plan to assist states in setting up of world class bus ports (large bus terminals). What I have in mind is around 2,000 such terminals over the next few years in the BOT model or can be in private-public partnerships where there will more need for viability gap funding. The Central fund can be used for this."

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“Such bus ports should be fully integrated facilities serving every stakeholder well. If any interested state sends us a proposal, we are even ready to give funds for consultancy study. In future, if the PPP model does not work out, we may consider viability gap funding as well. "The buses running on diesel are not good for our future. I will soon start tightening the diesel engine makers. If you want to change for good, I will walk you're you but if you don't want to change then I will have to force you to change.

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