The Noida Authority has given the government a proposal of three names for the fleet of 500 E-Bose. These buses are to run in Noida, Greater Noida and Yamuna Expressway areas. The names that the Authority has proposed is-NGY Urban Mobility Service, GBN EG Ride Service and GBN Green Transport. According to the news of the Times of India, although the name is to be reconstituted by the government, its branding will reflect its big vision in urban traffic.
Operators have been selected
This electric bus project gained momentum when two private operators were selected. An operator Travel Time Mobility India Private Limited will run 250 buses at the rate of Rs 55 per km. Whereas, the second operator will run 250 buses at 12 meters long at the rate of Rs 68 per km. According to the news, every bus will cover a distance of 300 km per day.
High frequency route and airport connectivity
These electric buses will run on 25 high -demand routes. This includes within the city and airport contact routes. These routes are designed to promote the final mile connectivity, reduce congestion and serve major urban and transit centers such as the upcoming Noida International Airport at an interval of 15-20 minutes throughout the day. For the management of the project, a special purpose vehicle (SPV) will be formed, which will include officials from Noida, Greater Noida and Yamuna Authorities. After being registered, the SPV will handle the appointment, operation and services of employees over a period of 12 years.
Finance and stability
The total cost of the e-bus project is estimated at Rs 675 crore. However, only one part of the total expenditure is expected to be fulfilled by the income from rent and advertisements. Estimated annual revenue: 145 crore rupees and annual operating costs are expected to exceed Rs 370 crore. Despite the financial deficit, the project is expected to provide environmentally friendly, reliable public transport and strengthen Noida’s urban dynamics landscape.
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