Tamil Nadu inks pact with German bank for 2,713 eco-friendly buses
The Tamil Nadu government on Saturday signed an agreement with KfW, German Development Bank, for purchasing 2,713 buses for State transport corporations.
Under the project of “Climate-friendly Modernization of Buses in Major Cities of Tamil Nadu” an agreement has been signed for 203 Million Euro (Approximately Rs 1606.47 crore) between State transport department.
KfW in the presence of Chief Minister Edappadi K Palaniswami and Transport Minister M R Vijayabhaskar.
As per the agreement 2,213 BS-VI buses and over 500 e-buses would be purchased, in order to upgrade and modernise all Tamil Nadu State Transport undertakings, an official release said.
Capacity building of personnel, strengthening and improving of bus depots, provision of infrastructure such as charging facilities for running e-buses, procurement of software and hardware component, computer information digital display counters.