Jawaharlal Nehru National Urban Renewal Mission (JNNURM) has been expanded to increase the scope of its Bus project. Under the expanded scheme, within 90 days, approx. 15000 buses will be bought with a subsidy of Rs 4000 crore from the central government.
The following cities will benefit from this scheme -
Delhi - 1500
Mumbai - 1050
Kolkata - 1200
Bangalore - 700
Chennai - 800
These buses will replace existing buses of State Transport Corporations (STCs). At the last count there were about 32,000 over aged buses being used by STCs. The plan is to replace these and others total amounting to approx. 40,000 buses to be replaced in the current year.
Many tenders will start opening soon. Hence the year seems to be an exciting one for bus body builders as well as OEMs. In particluar Ashok Leyland may take a sigh of relief. They traditionally have been good in government business and this JNNURM scheme may give them a much needed boost after a terrible last year.
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