Funds for Urban Transport Networks
Published on August 9, 2010 by INVC · 1 Comment
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INVC,,
Delhi,,
As per a study got conducted by the Ministry of Urban Development, the total requirement of funds for urban transport in 87 identified cities by 2030 is roughly estimated at Rs.4,35,380 crore. This was stated by Shri Saugata Roy, Minister of State, Urban Development in reply to a question in Lok Sabha Today.
The gap between the demand of investment and likely availability of funds from budgetary sources of Central, State and Urban Local Body level is quite wide. The actual amount is difficult to be ascertained due to uncertainty of firmed up proposals from State Governments/Urban Local Bodies with details of financing arrangements. However the State Government and Urban Local Bodies have been advised to set up dedicated urban transport fund at State and city level to mitigate this gap, he added.
He said that the Unified Metropolitan Transport Authority (UMTA) has been set up by the States of Andhra Pradesh (for Hyderabad), Karnataka (for Bangalore), Maharashtra (for Mumbai), Rajasthan (for whole state), Tamil Nadu (for Chennai), Orissa (for Bhubaneswar) and Nagaland (for Kohima).
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