Public Transportation Current Affairs

India signs €300 million agreement with European Investment Bank for Bangalore Metro Phase II

Government has signed Finance Contract with European Investment Bank (EIB) for lending of €300 million for Bangalore Metro Rail Project Phase II Line R6.

The Phase II of metro project is jointly financed by EIB (€500 million) and Asian Infrastructure Investment Bank (€300 million). The project envisages extension of East-West & North-South lines for Bangalore Metro Rail which includes a total length of 72.095 km (13.79 km underground) and 61 stations with 12 underground stations.

Bangalore Metro Phase II

The objective of project is to bring in quantum improvement in transportation sector in city in tandem with Bangalore Metropolitan Transport Corporation (BMTC) and other modes of urban transport. It aims to ensure modern transport facility for the commuters.

The spinoffs of the project will include employment opportunities, reduction of number of vehicles on road, benefits to economy, less fuel consumption, reduction in air pollution, reduction in passenger travel time and also improvement in aesthetic value of city.

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NITI Aayog, International Road Federation ink SoI for Intelligent Transportation Systems

The National Institution for Transforming India (NITI) Aayog and International Road Federation (IRF), Geneva have signed Statement of Intent (SoI) to cooperate in field of Intelligent Transportation Systems (ITS).

The objective of SoI is to create National Platform, involving all relevant Union Government stakeholders, Indian and foreign companies active in sector. It will also create platform for relevant technical experts for developing National ITS Policy. The national platform will provide coherent and consistent National ITS Policy.

National ITS Policy

ITS Policy will be covering Traffic Management, Parking Management, Electronic Enforcement of Traffic Rules and Regulations, Fleet Management and Monitoring, Innovation in the field of ITS and Education in field of ITS.

Its objective will be to contribute to reduce urban traffic congestion, improving situation around parking of vehicles in cities, improving road safety, and improving security of passenger and goods traffic. It will be also covering domains such as traffic and parking management, enforcement, and security.

International Road federation (IRF)

The IRF is global non-governmental, not-for-profit organisation with mission to encourage and promote development and maintenance of better, safer and more sustainable roads and road networks. It was founded in 1948. Its motto is Better Roads. Better World. It is headquartered in Washington, DC, United States.

IRF seeks to promote social and economic benefits of sustainable and environmentally sound road transport infrastructure at all levels of society. It helps to put in place technological solutions and management practices that provide maximum economic and social returns from national road investments. It provides a wide base of expertise for planning road development strategy and policy for governments and financial institutions in all aspects of road policy and development.

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