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Transport | August 11, 2013
#37885

Ministry wants states to form SPV

Union urban development ministry asked state governments to form a special purpose vehicle (SPV) for a city or cluster of cities to run buses which are funded under the JNNURM project.

   

The ministry is planning to fund 10,000 buses across the country and the proposed SPVs, which would act as city-specific transport bodies, may be responsible for running these vehicles.

   

The ministry further asked state governments to prepare project reports.

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