Union Budget for 2021-22 gives boost to Public Transport in Urban Areas

Public transport system in urban areas got a major boost in the Budget for the year 2021-22, tabled in the Parliament by the Union Minister for Finance and Corporate Affairs. Smt. Nirmala Sitharaman.

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A new scheme will be launched at a cost of 18,000 crore to support augmentation of public bus transport services.

It will facilitate deployment of innovative PPP models to enable private sector players to finance, acquire, operate and maintain over 20,000 buses.

Government plans to deploy two new technologies i.e. ‘MetroLite’ and ‘MetroNeo’ to provide metro rail systems at much lesser cost with same experience, convenience and safety in Tier-2 cities and peripheral areas of Tier-1 cities.