As part of the Union Budget 2021-22, the Government of India has announced funding initiatives to raise the share of public transport in urban areas through an expansion of metro rail networks and the improvement of city bus services.
This includes an announcement of Rs.180 billion for a new scheme, to augment public bus transport through innovative public-private partnership (PPP) models to run more than 20,000 buses, while supporting the automobile sector, economic growth and create employment opportunities.
The Budget also includes funding announcements for metro rail infrastructure. A total of 702 km of conventional metro is operational and another 1,016 km of metro and RRTS is under construction in 27 cities.
The budget includes funding commitments of:
- Rs. 19.57 billion for 11.5 km of Kochi Metro Railway Phase-II
- Rs. 632.46 billion for 118.9 km of Chennai Metro Railway Phase-II
- Rs. 147.88 billion for 58.19 km of Bengaluru Metro Railway Project Phase 2A and 2B
- Rs. 59.76 billion for the Nagpur Metro Rail Project Phase-II
- Rs. 20.92 billion for the Nashik Metro.