Delhi's e-bus initiative surges forward while transit projects
ECONOMY & POLICY

Delhi's e-bus initiative surges forward while transit projects

Finance Minister Atishi announced during her budget presentation on Monday, 4 March 2024, that the Delhi government's budget for 2024-25 earmarks Rs 51 billion for electric buses. The move aims to augment the capital's public transport network and cater to its burgeoning population.

Atishi stated, Delhi has a fleet of 7,582 buses currently, which is being used by more than [4.1 million] passengers on a daily basis. To expand this fleet further, a concession agreement for the engagement of 1,900 new e-buses has been signed.

Additionally, Rs 34 billion has been allocated to sustain the scheme offering free bus travel for women in Delhi Transport Corporation (DTC) and cluster buses through pink tickets. Regarding the delayed mohalla bus service, Atishi outlined the procurement of 2,080 nine-meter e-buses, slated for deployment as mohalla buses. By 2025, Delhi is set to witness a fleet surpassing 10,000 buses, with 80% being electric.

However, last year's proposed schemes remain sidelined in this year's budget, such as the e-scooter sharing service in Dwarka and the development of international-standard inter-state bus terminals (ISBTs). The plan to construct 1,400 modern bus queue shelters with digital screens has also been deferred.

Transport Minister Kailash Gahlot had acknowledged delays in bus delivery and assured expedited efforts, anticipating their arrival by early March. While some projects await relaunch, plans for the ISBT project are advancing, per a senior transport department official.

Finance Minister Atishi announced during her budget presentation on Monday, 4 March 2024, that the Delhi government's budget for 2024-25 earmarks Rs 51 billion for electric buses. The move aims to augment the capital's public transport network and cater to its burgeoning population. Atishi stated, Delhi has a fleet of 7,582 buses currently, which is being used by more than [4.1 million] passengers on a daily basis. To expand this fleet further, a concession agreement for the engagement of 1,900 new e-buses has been signed. Additionally, Rs 34 billion has been allocated to sustain the scheme offering free bus travel for women in Delhi Transport Corporation (DTC) and cluster buses through pink tickets. Regarding the delayed mohalla bus service, Atishi outlined the procurement of 2,080 nine-meter e-buses, slated for deployment as mohalla buses. By 2025, Delhi is set to witness a fleet surpassing 10,000 buses, with 80% being electric. However, last year's proposed schemes remain sidelined in this year's budget, such as the e-scooter sharing service in Dwarka and the development of international-standard inter-state bus terminals (ISBTs). The plan to construct 1,400 modern bus queue shelters with digital screens has also been deferred. Transport Minister Kailash Gahlot had acknowledged delays in bus delivery and assured expedited efforts, anticipating their arrival by early March. While some projects await relaunch, plans for the ISBT project are advancing, per a senior transport department official.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement