Indian Cabinet approves public-private partnership e-bus scheme
By RACE Innovations Pvt Ltd - 24th December 2023
PM- EBUS-SEWA - A new government private-partnership scheme
India – The Cabinet of the Indian government has approved a new bus scheme, dubbed “PM-eBus Sewa” to augment city bus operation with 10,000 electric buses, which is to be rolled out under a new public private partnership (PPP) arrangement. The PPP scheme is expected to cost almost seven billion dollars (USD6.94bn) of which the central government is pledging approximately one third of the funding (USD2.41bn). The Scheme is expected to be rolled out over the next 10 years.
The Scheme will cover cities of a population of more than three lakh (300,000) and above population as per the 2011 census including all the Capital cities of Union Territories, Northeastern Region, and Hill States. Under this scheme priority will be given to cities having no organised bus services.
