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In February 2024, BMTC finally floated a tender for the procurement of 10 double-decker buses under the Gross Cost Contract (GCC) model. The last date for participating in the tender has expired and BMTC is likely to select an agency soon. “We have floated a tender for double-decker buses and we will be finalising the tender soon,” said a BMTC official. ....
Centre yet to give in principle approvals for next phase of metro rail thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Delhi metro, which began its operations in the year 2002, has not yet constituted Unified Metropolitan Transport Authority (UMTA).Similarly, Gujarat (Surat Ametro), Mumbai, Jaipur and Gurugram (Rapid metro) have also not constituted UMTA so . ....
LicenseCreative Commons The Government of Karnataka and Bangalore Metro Rail Corporation Limited are exploring ways to offset the heavy economic burden of expanding the metro rail transit network in Bengaluru. Land value capture (LVC) is a public financing strategy that can recover a portion of the real estate value that development along the metro corridor generates for private property owners. Deployed effectively, LVC can help fund the growth of mass transit and allied infrastructure. Several LVC mechanisms are under consideration in Bengaluru, but are yet to be implemented. Inherent shortcomings in planning, policy, and institutional frameworks prevent the market from optimizing the benefits of transit-oriented development (TOD), which in turn negatively impacts LVC. ....