The Government of India and the World Bank has signed a 9.2 million US dollar grant agreement under the World Bank-Global Environment Facility (GEF) Programme for the Efficient and Sustainable City Bus Service Project. The project aims to improve the efficiency of the transport and reduce greenhouse gas emissions in selected Indian cities which includes- Chandigarh, Jaipur and Mira Bhayandar municipality in the Thane district of Maharashtra.
The International Bank for Reconstruction and Development (IBRD) will be the implementing agency of the GEF for the project. The total cost of the programme is $113 million, out of which $9.2 million will come as a grant from the World Bank and $103.07 million will be funded by the Centre, state and city governments for the funding of buses and ancillary infrastructure.
So let’s discuss some questions related to this post :
1. India has signed an agreement for efficient bus service with which organization ?
2. What is the total cost of the GEF programme and also expand the term GEF ?
Courtesy : Financial Express