NMC Proposes Rs 5,755.8 mn Transport Budget Focus On Green Fleet
ECONOMY & POLICY

NMC Proposes Rs 5,755.8 mn Transport Budget Focus On Green Fleet

The Nagpur Municipal Corporation has proposed a Rs 5,755.8 mn transport budget for the financial year 2026–27, outlining measures to modernise public services and strengthen finances. The proposal was presented to the standing committee by Transport Committee Chairperson Mangala Khekare on Monday and centres on a dual strategy to boost non-fare revenue while accelerating the transition to an eco-friendly fleet. The plan aims to reduce reliance on ticket income and improve service quality for commuters.

A central feature of the proposal is the monetisation of transport assets, with commercial complexes planned at Mor Bhavan Bus Stand one and two, Patwardhan, Lakadganj (Matrushakti), Hingna, Wadi and Khapri. The corporation has earmarked Rs 400 mn for initial development of these sites and intends to convert bus stop kiosks into leased compact business hubs for coffee shops, utility centres and photocopy services. Officials expect these measures to generate steady rental income while enhancing commuter convenience.

The document reiterates a strong green push across the fleet, which currently totals 580 buses, comprising 385 electric vehicles, 150 diesel midi-buses and 45 mini-buses. Under a state grant of Rs 1,370 mn, 105 standard air conditioned electric buses have been inducted out of 250 sanctioned, and 150 e-midi buses sanctioned under the PM e-Bus Sewa scheme were virtually inaugurated by the Prime Minister. A proposal for 25 advanced articulated flash-charging buses has been submitted to the Central Government for approval.

The budget also allocates Rs 400 mn for road and depot campus development and Rs 100 mn for upgrading depot facilities, with plans to install CCTV at all bus stops, rationalise ticket pricing and roll out new routes to improve connectivity. Chairperson Khekare projected a closing balance of Rs six point eight three eight mn by March 2027 and set out confidence that the measures will stabilise departmental finances while ensuring safe, comfortable and affordable transport. The presentation was attended by senior civic officials and committee members.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Nagpur Municipal Corporation has proposed a Rs 5,755.8 mn transport budget for the financial year 2026–27, outlining measures to modernise public services and strengthen finances. The proposal was presented to the standing committee by Transport Committee Chairperson Mangala Khekare on Monday and centres on a dual strategy to boost non-fare revenue while accelerating the transition to an eco-friendly fleet. The plan aims to reduce reliance on ticket income and improve service quality for commuters. A central feature of the proposal is the monetisation of transport assets, with commercial complexes planned at Mor Bhavan Bus Stand one and two, Patwardhan, Lakadganj (Matrushakti), Hingna, Wadi and Khapri. The corporation has earmarked Rs 400 mn for initial development of these sites and intends to convert bus stop kiosks into leased compact business hubs for coffee shops, utility centres and photocopy services. Officials expect these measures to generate steady rental income while enhancing commuter convenience. The document reiterates a strong green push across the fleet, which currently totals 580 buses, comprising 385 electric vehicles, 150 diesel midi-buses and 45 mini-buses. Under a state grant of Rs 1,370 mn, 105 standard air conditioned electric buses have been inducted out of 250 sanctioned, and 150 e-midi buses sanctioned under the PM e-Bus Sewa scheme were virtually inaugurated by the Prime Minister. A proposal for 25 advanced articulated flash-charging buses has been submitted to the Central Government for approval. The budget also allocates Rs 400 mn for road and depot campus development and Rs 100 mn for upgrading depot facilities, with plans to install CCTV at all bus stops, rationalise ticket pricing and roll out new routes to improve connectivity. Chairperson Khekare projected a closing balance of Rs six point eight three eight mn by March 2027 and set out confidence that the measures will stabilise departmental finances while ensuring safe, comfortable and affordable transport. The presentation was attended by senior civic officials and committee members.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement