TN Government To 2,123 BS-VI Compliant, 500 Electric Buses With Financial Assistance From German KfW Development BankTamil Nadu CM Edappadi K Palaniswami 

As a part of its plan to modernise the bus fleet of its transport corporations, Tamil Nadu government has decided to buy 2,123 BS-VI emission compliant buses and 500 electric buses with the debt assistance provided by German development bank KFW.

In a statement issued here, the government said a Project Agreement was signed with KFW on Thursday (26 September) for financial assistance of Rs 1,580 crore.

The Tamil Nadu government had earlier announced that it would acquire 12,000 new buses and 2,000 electric buses with KFW's debt of Rs 5,890 crore.

According to the state government, under the Project Agreement, setting up of charging stations for electric vehicles, acquisition of software and hardware for the upgradation of the transport department, setting up of passenger information systems, cashless ticketing and others will be implemented.

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement