Nov 10 2016 | India Opportunities
Green Urban Transport Scheme
In order to encourage private sector participation and investment, the Government of India is coming out with new initiatives which includes Green Urban Transport Scheme, new Metro Rail Policy, revision of Metro Acts and Standardisation and Indigenisation of Metro systems. Green Urban Transport Scheme aims to encourage growth of urban transport in a sustainable manner with substantial and measurable reduction in pollution, provide a framework for funding urban mobility projects at National, State and City level with minimum recourse to budgetary support by encouraging innovative financing of projects. Under this Scheme, provision of Non-motorised Transport infrastructure, increasing access to public transport, use of clean technologies, adoption of Intelligent Transport Systems (ITS) and private sector participation in urban transport projects will be increased. The scheme is being considered for implementation in cities each with a population of five lakh and above and all capital cities, Central assistance of about Rs 25,000 cr is estimated to be required which would in turn trigger private investments to meet the resource needs, over the next five years.