BMC allocates Rs 1,000 crore for cash-strapped BEST

2 hours ago 1

best, mumbai champion buses, bmc, brihanmumbai municipal corporation, The BMC volition lend Rs 128.65 crore, its 5 per cent stock towards a authorities government-backed task to procure and deploy 2,000 electrical buses for Mumbai. (Image: Instagram/@roshan__busfan)

The Brihanmumbai Municipal Corporation (BMC) connected Tuesday allocated Rs 1,000 crore for the cash-strapped Brihanmumbai Electric Supply and Transport (BEST) successful its fund for the 2025-2026 fiscal, pointing retired that it has provided Rs 11,304.59 crore to the undertaking since 2012-13.

The BEST runs astir 3,000 buses successful Mumbai, catering to lakhs of commuters daily. According to the BMC, these fiscal provisions are portion of ongoing efforts to modernise Mumbai’s transport infrastructure and amended the city’s nationalist proscription system.

“…a full proviso of ₹1,000 crore is projected successful 2025-26 arsenic a assistance to BEST undertaking considering its fiscal position,” the budget papers stated. This assistance volition beryllium utilised for infrastructure development, the acquisition of caller superior equipment, repayment of loans, and the procurement of buses connected a bedewed lease basis. It volition besides screen wage revisions, day-to-day expenses, the Intelligent Traffic Management System project, Diwali bonuses for employees, and dues for pensioners and gratuity.

Additionally, the BMC volition lend Rs 128.65 crore, its 5 per cent stock towards a authorities government-backed task to procure and deploy 2,000 electrical buses for Mumbai.

The fund papers besides mentioned that the 15th Finance Commission has sanctioned Rs 992 crore for BEST to acquisition electrical buses. Of this, Rs 493.38 crore has already been received and disbursed to BEST, with the remaining Rs 498.62 crore expected erstwhile the afloat magnitude is transferred from the commission.

The BMC fund mentioned that civic schoolhouse students from classes 1 to 10 successful schoolhouse azygous could avail of escaped question from their residence to schoolhouse by BEST buses. Special autobus services are besides being provided done BEST for BMC students connected routes wherever specified facilities are not available, the papers further mentioned.

Under this scheme, ‘chalo cards’ person been distributed (up to the extremity of July 2024) to 19,723 students, including 14,900 superior schoolhouse students and 4,823 secondary schoolhouse students. A fund proviso of Rs 6 crore for superior schoolhouse students and Rs 2.70 crore for secondary schoolhouse students has been reserved, the BMC said.

*** Disclaimer: This Article is auto-aggregated by a Rss Api Program and has not been created or edited by Nandigram Times

(Note: This is an unedited and auto-generated story from Syndicated News Rss Api. News.nandigramtimes.com Staff may not have modified or edited the content body.

Please visit the Source Website that deserves the credit and responsibility for creating this content.)

Watch Live | Source Article