Bus transport financing is a global challenge. In most Indian cities, bus transport systems have fare box recovery ratios less than 1 and incur large losses. Traditional financing sources like fares, budgets and grants have limitations and are often insufficient. There is a need to tap innovative financing mechanisms like taxes on employers and commercial assets, naming rights, and leveraging existing funds. A robust institutional mechanism is also needed to effectively manage identified funding sources.
This webinar was presented by Prashanth Bachu, Project Manager – Urban Transport, EMBARQ India and Sunil Jagtap, Assistant Workshop Supervisor, Navi Mumbai Municipal Transport (NMMT).
The adoption of Intelligent Transport Systems (ITS) into vehicles, infrastructure, traffic management and traveller information services has shown dramatic improvements in the safe and efficient mobility of people in USA, European nations, Japan, Middle East and Canada. This webinar briefly introduced the state of ITS and fuel efficiency in the Indian context, as discussed in EMBARQ India’s Bus Karo 2 publication, which was launched earlier this year. Using NMMT’s Driver Training Program as a case study, the discussion indicated the challenges, outcomes and plans of further expanding the program.
This is the second webinar from the Bus Karo 2.0 webinar series. EMBARQ India's deep engagement on several projects with various city bus agencies has lead to the publishing of the Bus Karo 2.0 report, which documents the implementation of significant advancements in bus transport in India. As a part of the project, we have come up with a series of webinars, where each webinar will be conducted by EMBARQ India and the partner agency and focus on a different case study detailed in the report.
Webinar Recording - http://embarqindiahub.org/webinars/bus-karo-20-webinar-2-using-information-and-communication-public-transport
Related Research - http://embarqindiahub.org/publications/bus-karo-20-case-studies-india
Upcoming Webinars - http://embarqindiahub.org/e-learning/webinars
This webinar was presented by Prashanth Bachu, Project Manager – Urban Transport, EMBARQ India and Sunil Jagtap, Assistant Workshop Supervisor, Navi Mumbai Municipal Transport (NMMT).
The adoption of Intelligent Transport Systems (ITS) into vehicles, infrastructure, traffic management and traveller information services has shown dramatic improvements in the safe and efficient mobility of people in USA, European nations, Japan, Middle East and Canada. This webinar briefly introduced the state of ITS and fuel efficiency in the Indian context, as discussed in EMBARQ India’s Bus Karo 2 publication, which was launched earlier this year. Using NMMT’s Driver Training Program as a case study, the discussion indicated the challenges, outcomes and plans of further expanding the program.
This is the second webinar from the Bus Karo 2.0 webinar series. EMBARQ India's deep engagement on several projects with various city bus agencies has lead to the publishing of the Bus Karo 2.0 report, which documents the implementation of significant advancements in bus transport in India. As a part of the project, we have come up with a series of webinars, where each webinar will be conducted by EMBARQ India and the partner agency and focus on a different case study detailed in the report.
Webinar Recording - http://embarqindiahub.org/webinars/bus-karo-20-webinar-2-using-information-and-communication-public-transport
Related Research - http://embarqindiahub.org/publications/bus-karo-20-case-studies-india
Upcoming Webinars - http://embarqindiahub.org/e-learning/webinars
Private sector solution for South African transport dilemmaMaciek Szymanski
South African economic development is limited by poor and costly national airline which continuously consumes public sector resources which could be better served elsewhere. Through a solid track record of public private partnerships (PPPs) in the country, we evaluate a potential solution that could be applied to the air travel sector, impacting improvement in at least two of the sustainable development goals.
JnNURM Bus Financing - Delhi ExperienceJaspal Singh
This presentation describes the scheme of Bus Financing launched by Ministry of Urban Development and share the experience of Delhi.
A deep insight into the requirement of JnNURM funding requirement.
Public-Private Partnership in Urban TransportJaspal Singh
The presentation highlights the different aspects of Public Private Partnership in Urban Transport. It highlights the investment required in this sector and what are the challenges faced by private investors.
Establishing a transport authority in GautengTristan Wiggill
A presentation by Honourable Ismail Vadi (MEC: Department of Roads and Transport: Gauteng Provincial Government), at the Transport Forum SIG: "Cost Effective Public Transport Management Systems" on 12 May 2016 hosted by University of Johannesburg. The theme of the presentation was: "Establishing a Transport Authority in Gauteng"
Due to rapid unplanned development, versatile land use, rapid population
growth, poor public transport system and increase of private car users, traffic
problems are worsening day by day. The only mass transit is bus which is
insufficient in terms of safety, capacity, comfort, and convenience. Considering
the worsening congestion, it is high time to develop effective mass transit
system such as Bus Rapid Transit (BRT) as a means for achieving sustainable
urban transport in the city
The presentation provides an overall view of the urban transportation market in India. The presentation provides glimpse of development in different cities. It also tries to highlight the growth of ITS and AFCS market and the strategy of three key global players for India. You may send your feedback on jaaaspal@yahoo.com.
India’s urban population is currently around 30% of its total population. Experience across the world has been that as economies grow, rapid urbanization takes this proportion to over 60% before it begins to stabilize. As such, it is projected that India’s urban population would grow to about 473 million in 2021 and 820 million by 2051, as against only 285 million in 2001. Hence, cities must not only meet the mobility needs of the current population but also provide for the needs of those yet to join the urban population.
A presentation by Jack van der Merwe (Chief Executive Officer: Gautrain Management Agency), at the Transport Forum SIG: "Cost Effective Public Transport Management Systems" on 12 May 2016 hosted by University of Johannesburg. The theme of the presentation was: "Is profitable public transport possible?"
Ppp for solving public transport woes in indiaAmit Jain
The public transport in most of the cities are dependent on buses, auto rikshaws, cycle rikshaws which are not able to meet the demand, prone to accidents, delays & traffic jams. The cities need to create an efficient and affordable public transport services. The private sector may be invited through PPP to develop an integrated public transport system in a city. The private sector may charge an appropriate user fee (fare) from the users and earn revenue from commercial activities like advertising, renting & leasing of commercial spaces etc to cover his capital and recurring cost.
Private sector solution for South African transport dilemmaMaciek Szymanski
South African economic development is limited by poor and costly national airline which continuously consumes public sector resources which could be better served elsewhere. Through a solid track record of public private partnerships (PPPs) in the country, we evaluate a potential solution that could be applied to the air travel sector, impacting improvement in at least two of the sustainable development goals.
JnNURM Bus Financing - Delhi ExperienceJaspal Singh
This presentation describes the scheme of Bus Financing launched by Ministry of Urban Development and share the experience of Delhi.
A deep insight into the requirement of JnNURM funding requirement.
Public-Private Partnership in Urban TransportJaspal Singh
The presentation highlights the different aspects of Public Private Partnership in Urban Transport. It highlights the investment required in this sector and what are the challenges faced by private investors.
Establishing a transport authority in GautengTristan Wiggill
A presentation by Honourable Ismail Vadi (MEC: Department of Roads and Transport: Gauteng Provincial Government), at the Transport Forum SIG: "Cost Effective Public Transport Management Systems" on 12 May 2016 hosted by University of Johannesburg. The theme of the presentation was: "Establishing a Transport Authority in Gauteng"
Due to rapid unplanned development, versatile land use, rapid population
growth, poor public transport system and increase of private car users, traffic
problems are worsening day by day. The only mass transit is bus which is
insufficient in terms of safety, capacity, comfort, and convenience. Considering
the worsening congestion, it is high time to develop effective mass transit
system such as Bus Rapid Transit (BRT) as a means for achieving sustainable
urban transport in the city
The presentation provides an overall view of the urban transportation market in India. The presentation provides glimpse of development in different cities. It also tries to highlight the growth of ITS and AFCS market and the strategy of three key global players for India. You may send your feedback on jaaaspal@yahoo.com.
India’s urban population is currently around 30% of its total population. Experience across the world has been that as economies grow, rapid urbanization takes this proportion to over 60% before it begins to stabilize. As such, it is projected that India’s urban population would grow to about 473 million in 2021 and 820 million by 2051, as against only 285 million in 2001. Hence, cities must not only meet the mobility needs of the current population but also provide for the needs of those yet to join the urban population.
A presentation by Jack van der Merwe (Chief Executive Officer: Gautrain Management Agency), at the Transport Forum SIG: "Cost Effective Public Transport Management Systems" on 12 May 2016 hosted by University of Johannesburg. The theme of the presentation was: "Is profitable public transport possible?"
Ppp for solving public transport woes in indiaAmit Jain
The public transport in most of the cities are dependent on buses, auto rikshaws, cycle rikshaws which are not able to meet the demand, prone to accidents, delays & traffic jams. The cities need to create an efficient and affordable public transport services. The private sector may be invited through PPP to develop an integrated public transport system in a city. The private sector may charge an appropriate user fee (fare) from the users and earn revenue from commercial activities like advertising, renting & leasing of commercial spaces etc to cover his capital and recurring cost.
POLICY CHANGES &IMPLEMENTATION STRATEGIES FOR STRENGTHENING STATE ROAD TRA...AchyutAnkit2
ROAD TRANSPORT , Bus based Public transport plays an important role and reaches all the corners of City, Rural and Hilly Regions of the country.
Public transport being provided by the State Road Transport Undertakings (SRTUs) also employ large number of skilled and semi-skilled personnel resulting in Human Resource Development.
SRTUs are committed to its social obligations through operation of of its schedules as below .
Urban transportation is undergoing massive change and expansion, especially in the developing world. The rapid growth of cities is driving demand for better urban transportation and many cities are set to invest heavily in infrastructure. Unfortunately, the needs of low-income households are often overlooked in the selection, design, and service decisions related to these investments. According to the World Bank, urban public transportation systems disproportionately disadvantage the urban poor and vulnerable, especially in cities in the developing world.
Meanwhile, innovative business and service models are emerging that are disrupting the established transportation systems in cities by taking advantage of open data, the Internet and mobile telephony. Services such as bike share, ZipCar®, Waze®, Hopstop®, and Uber® are reducing consumption and reconfiguring the relationship between modes, users, and providers of transportation. These new approaches improve urban transportation by making it more efficient, dependable, and sustainable.
As Susan Zielinski of the University of Michigan’s SMART Initiative puts it, “Transportation is at a crossroads. In response to rapid urbanization, shifting demographics, and other pressing social, economic, and environmental factors, cities and regions are shifting investment dollars from single mode infrastructure to multi-mode, multi-service, IT-enabled door-to-door systems… innovations and opportunities (are going) beyond the bounds of the traditional transportation industry.”
Collectively referred to as the emerging New Mobility sector, this innovative industry sector provides a key opportunity to build more inclusive cities and more resilient communities.
Catalyzing the New Mobility in Cities is an exploratory effort focused on identifying innovative business and service models that are beneficial to the urban poor, both as users and providers of urban transportation.The primer briefly summarizes and showcases some of the hallmark innovations that are challenging the status quo in rapidly growing cities in the developing world.
Transport for Cape Town’s role in encouraging public transportTristan Wiggill
A presentation by Ms Melissa Whitehead (Commissioner of Transport: TCT) at the Transport Forum special interest group proudly hosted by TCT in Cape Town on 10 December 2015. The theme for the event was: "Encouraging Public Transport". The topic of the presentation was: "Transport for Cape Town’s role in Encouraging Public Transport".
More like this on www.transportworldafrica.co.za
A presentation by Mr Bill Cameron (Director: Public Transport: DOT) at the Transport Forum Month of Transport Celebrations 1 October 2015 hosted by University of Johannesburg. The theme for the event was: "Trends in Policy Development for Transport" and the topic for the presentation was: "Policy Conundrums in Urban Transport."
More like this on www.transportworldafrica.co.za
Truy cập http://macftu.vn để cập nhật những tin tức và quan điểm marketing mới nhất.
Báo cáo "Khơi nguồn tiềm lực thành phố" - Unlocking Cities dành cho khu vực Đông Nam Á, thực hiện bởi Uber và Boston Consulting Group (BCG)
Transportation planning is an integral part of overall urban planning and needs systematic approach.
Travel demand estimation is an important part of comprehensive transportation planning process.
However, planning does not end by predicting travel demand.
The ultimate aim of urban transport planning is to generate alternatives for improving transportation system to meet future demand and selecting the best alternative after proper evaluation.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the what'sapp number of my personal pi merchant who i trade pi with.
Message: +12349014282 VIA Whatsapp.
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
2. Bus transport is the backbone of urban mobility….
In France, contributions from users covers only 25% of
the operating costs of public transport systems, while
over 35% of the operating expenses are covered by
Employer Tax (Versement Tax).
Fare box Recovery Ratio (Total Fare Revenue/ Total operating
Expenses) of bus transport systems in most cities is less than 1
…..However, bus transport financing is a challenge globally….
• Rapid population growth and urbanization place pressure on existing transport resources
• GoI is placing huge emphasis on enhancing use of public transport modes
• Buses cater to 90% of public transport in India
3. Financial health of SRTUs is usually weak…
Most Indian SRTUs are loss making (combined losses of over Rs. 10,000 crore in 2014-15)
and revenue is barely sufficient to cover even operating costs
Loss of Rs.
64 crore
Loss of Rs.
846 crore
Loss of Rs.
224 crore
Loss of Rs.
3,986 crore
(Figures for revenue and costs for 2014-15, in Rs. lakh), Source: Review of the performance of SRTUs for 2014-15, MoRTH, GoI)
4. ….Traditional sources of financing bus transport have certain
limitations….
Option 1
PASSENGER FARES
Public transport driven by a social objective
Fares need to be kept at an affordable level
Low fares incentivize commuters to use public transport
Option 2
BUDGETARY ALLOCATIONS
Conflicting demands of the exchequer
Budgetary allocations often driven by political & social agenda
Budgetary provisions are subject to change
Option 3
SCHEME BASED FUNDING (AMRUT/JnNURM)
Is usually accompanied by several terms and conditions –
Limited flexibility regarding use of funds
Not a sustainable source, usually do not provide for operating
costs
TRADITIONAL FUNDING SOURCES face several limitations, and are often insufficient to cover even operating costs of
bus transport services.
Thus arises the need to tap INNOVATIVE FINANCING MECHANISMS.
MEDIUM MEDIUMLOW
LOW LOW LOW
LOW HIGH HIGH
5. ….Thus arises the need for tapping innovative sources…
Tax on employers
• Public transport plays a key role in enhancing business and economic activity in a region
• Logical that businesses contribute to funding public transport
• Employees to contribute certain % of the total salaries cost as Employer Tax
• E.g: Versement Tax, France – in Paris, 40% of operating revenue is covered from Versement
Tax
Naming Rights
• Selling the right of naming on public infrastructure assets such as bus stations for a specified
period of time
• Reliable and predictable revenue source
• Has been widely implemented in metro rail, may be replicated to bus stations and bus
terminals
• E.g.: Vodafone Metro Station, Bank of Baroda Sikanderpur Metro Station (Semi naming right)
• E.g.: Southeastern Pennsylvania Transportation Authority changed name of Pattison stop to
AT&T Station
Option 4
TAP INNOVATIVE FUND SOURCES
Innovative funding sources are currently untapped and possess huge potential
Such sources are usually sustainable in nature
6. Tapping the untapped sources – Key innovative sources
• Many Indian SRTUs posses huge land areas that are currently unutilized
• Commercial exploitation of such land around bus terminals and other bus transport infrastructure
has not been fully undertaken
• Commercial development could include multiplex, shopping mall, hotel, etc. depending on
demand
• For greater efficiency, commercial exploitation may be outsourced to a competent private operator
• PPP model may be implemented, wherein SRTUs manage bus and terminal operation activities,
while commercial exploitation is undertaken by a private player
Commercial
exploitation
Leveraging Revenue
Stream
• Predictable and continuous revenue stream for SRTUs (through identified sources) may be
leveraged as security for making borrowings and raising additional funds
Betterment Levy
• A charge on the increase in value of property arising on account of improved infrastructure such
as transport connectivity
• May be imposed along the bus corridor for city bus operations, BRT and bus terminal projects
7. Tapping the established sources of fund
KEY RATIONALE BEHIND
ALLOCATING A PORTION OF CRF
FOR BUS TRANSPORT:
Mere construction of roads would
not ensure mobility.
It needs to be supplemented by a
robust public transport system
(specifically bus transport) to
provide mobility to people.
Central Road Fund
(Rs. 2 on diesel & petrol)
Rs.1.5 (of diesel
& petrol)
50% of diesel
(Rs.0.75)
Rural Roads
50% of diesel &
100% of petrol
(Rs.2.25)
57.5% for
development &
maintenance of
National
Highways
12.5% for ROBs
& safety work at
unmanned
railways
crossing
30% for
development &
maintenance of
state roads
Rs.0.5 (of diesel
& petrol
100% of diesel
& petrol
(Rs.1.0)
National
Highways
Public Transport Fund
Allocate some fund
for public transport
8. Tapping the established sources of fund
State & City level
UTF in Karnataka
Mukhyamantri
Nagarothana
Scheme
Bengaluru
Infrastructure fund
Public
Transport
Funding
State level UTF created through
executive order to facilitate
implementation of urban transport
projects (1% cess on motor vehicle
tax, 2% cess on property tax &
budgetary allocations)
Mukhyamantri Nagarothana
Scheme is a kind of dedicated
budgetary allocation for
development city.
Bengaluru Infrastructure Fund
created to develop infrastructure
through betterment levy.
9. Portion of funds
from NUTF
• Working Group on Urban Transport has recommended to be set up National Urban Transport
Fund (NUTF).
• Apart from meeting capital needs, this fund will cater for possible support to certain systems
during the operations stage too.
• A portion of funds from NUTF could be earmarked specifically to fund bus transport operations.
Tapping established sources of fund
Green cess on existing personalized vehicle – Rs.18,800 crore
(base year)
Green surcharge of Rs.2 on petrol sold across country – Rs.3100
crore (base year)
Green cess on existing personalized vehicle – Rs.18,000 crore
(base year)
Proposed sources of revenue for NUTF
NATIONAL
URBAN
TRANSPORT
FUND
Public
Transport
Funding
Earmarking of NUTF
to cities/states
10. ….Robust institutional mechanism needed to effectively
channelize & manage identified sources….
Identification of innovative sources needs to be
backed by an effective implementation mechanism
This calls for the establishment of an institutional
framework in the form of a dedicated Fund
The Fund should have legal backing
Are the funds identified
being collected in the
right amounts ?
Are the funds being used
for the intended
purposes ?
How to keep track of the
fund inflow and outflow
?
What should be the
order of priority in fund
utilization ?
KEY QUESTIONS FOR SRTUs IN THE ABSENCE OF A
FUND MANAGEMENT MECHANISM
How the fund should be
managed?
How the accountability
& governance can be
ensured ?
11. ….Strong institutional mechanism for bus transport finance
offers several advantages…
Benefits of
defined
institutional
framework for
fund
management
Enables accountability in fund collection and management
Enables prudent management of collected funds through financial budgeting
and planning undertaken by a Fund Management Division/ Committee
Provides a platform for efficient utilization of funds, following a defined
prioritization order
Enables audit of collected funds
Helps separate fund management function from bus transport planning and
implementation
13. ….Enhancing efficiency of bus operations increases profitability...
In addition to tapping additional fund sources, revenue for bus operations can be enhanced by optimizing operations
and fully exploiting the existing sources such as fare box revenue potential.
Enhancing efficiency of bus transport system
ENHANCING
OPERATIONAL
EFFICIENCY
ROUTE
RATIONALIZATION
INTEGRATED
MULTIMODAL
PLANNING
ENHANCING USE
OF BUS
TRANSPORT
• Optimize costs of the organization
• Improve fleet utilization and occupancy
ratios
• Enhance staff and vehicle productivity
• Integrated service planning of various
modes such as buses, metro, IPT, etc.
• This would avoid unnecessary
competition wit other modes and
streamline operations
• Fare box revenue would increase, as
overall ridership goes up
• Scientific assessment of demand and
consequent route planning to avoid
overlaps, thereby enhancing demand and
revenue
• Enabling modal shift towards public
transport modes (specifically bus transport)
by public awareness campaigns and
programs educating citizens about
environmental benefits of using public
transport
• Implementation of ITS for providing greater
information and convenience to passengers
14. Bus transport forms the backbone of urban mobility…
Current urban transport scenario in India
• India is the 2nd fastest country in terms of urbanization pace, 2nd only to
China
• Rapid urbanization and population growth place pressure on urban
transport services
• GoI is placing huge emphasis of enhancing mobility through use of Public
Transport, with the objective of “moving people, not vehicles”
• Buses cater to more than 90% of public transport in India
• GoI schemes such as JNnuRM and NUTP place huge emphasis on
enhancing bus transport
• No. of passengers carried by STUs in 2013-14 : 251,111 lakh
• Currently, over 64 State Transport Undertakings (SRTUs) operating in India
across various states
• Currently, SRTUs are required to provide the bulk of infrastructure
facilities like bus stations, bus shelters, and other passenger amenities
Editor's Notes
we all know prominence of bus transport in providing mobility to the people. It caters to around 90% of the public transport in India. However, financial sustainability has always been challenges globally. If we assess financial performance in terms of fare box recovery ratio, it is less than 1 in most of the cities.
Financial health of most of the SRTUs in India is usually weak, the combined losses is around Rs.10,000 crore and revenue is barely sufficient to cover the operating expenses. But if you see the requirements of fund its huge both in terms of requirement of fleet and its associated infrastructure.
Currently, there are three main modes of financing in bus transport exists i.e. income generated from fare box collections, government subsidies/budgetary allocations, and scheme based funding. Each of these sources have limitations. The budgetary allocations for the bus transport sector are made through the Consolidated Fund of the State. State government needs to strike balance between various social and political commitments through scarce financial resources.
Income generated from fare box collection or user charges are based on social and political considerations and seldom cover the full cost of the actual service provided.
Under these circumstance, the logical and alternative source of financing or funding bus transport system is to tap private sector funding who are willing to fill such investment deficits.