GS-2, International Relations, Uncategorized

India signs agreement with IBRD

The Government of India and the World Bank have signed a US$ 9.2 million grant agreement under the World Bank-Global Environment Facility (GEF) Program for the Efficient and Sustainable City Bus Service Project to improve the efficiency and attractiveness of bus services in select Indian cities.

Key facts:

  • The project will demonstrate low cost high impact initiatives in efficient bus operations by focusing on modernizing city bus services through modern depots for improving the maintenance of buses; introducing modern Intelligent Transport Systems and Management Information Systems for better planning and management of operations; and by providing technical support to vehicles and drivers for better fuel efficiency, among others.
  • Demonstration cities where the various initiatives for improving city bus services will be undertaken are Mira Bhayandar in Maharashtra, Chandigarh, Jaipur, and Bhopal.
  • This project will complement the Government of India’s Bus Funding Scheme launched to promote public transport by supporting cities to modernize their bus services.
  • The initiatives for modernizing city bus transport services under this project will also help select cities reduce greenhouse gas emissions (GHG) while offering practical transport solutions.
  • The project is designed to specifically focus on identifying regulatory, institutional and fiscal constraints to operation of sustainable city bus services and address the weak capacity in the urban bus sector and facilitate the development of a vibrant urban bus sector community through the development of a comprehensive capacity building program.

Background:

The World Bank Group-Global Environment Facility (GEF) directly support actions to combat major environmental issues such as climate change, loss of biodiversity, polluted international waters, land degradation and desertification, and persistent organic pollutants, as well as stimulate green growth. The program supports an active portfolio of over 200 investments globally.

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