380 JnNURM buses flagged off

“The amount of Rs one lakh crore for the renewal mission in the country has been sanctioned. However, I will try to provide as much funds possible in regard to the demand for more buses from the Minister for Transport, R Ashok and MP Ananth Kumar,” said Reddy.
Reddy  said that while the JnNURM was a scheme identified to develop the urban areas in the country, the funds for the transport system in Bangalore was through a special initiative and was not conceived originally under the JnNURM.

“Following the global meltdown, the centre made a special consideration to strengthen the public transport system in India  and accordingly, provided  15,250 buses. Of this, Karnataka received approval for 1,150 buses, with an additional 150 buses for Mysore.
Reddy said that central assistance for modern amenities in the city included 54 projects at a cost of Rs 3,550 cr under the JnNURM besides monetary support for BMRCL through loans of Rs 6,000 crore and soft loans from Japanese agencies.