Union road transport minister Nitin Gadkari has said that his ministry is ready to offer viability gap funding to the tune of Rs 1,000 crore to its state counterparts to set up large world-class bus terminals in as many as 2,000 cities and towns. <br/><br/>Addressing the maiden summit of bus and tour operators under the banner of Prawaas, organised by the Bus Operators Confederation at Navi Mumbai over the weekend, the Minister said such bus ports should be fully integrated facilities serving every stakeholder well. Sternly warning the advocates of diesel fueled transport vehicles, the minister also said he will extend full support to green transport solutions. <br/><br/>He stated that the buses running on diesel are not good for country's future. The minister also ruled out any duty sops to imported parts or hybrid vehicles which now attract 43 per cent import duty by way of international GST. <br/><br/>Reiterating the government stance on hybrids, he said even as the government is all for clean technology vehicles, it would not reduce the goods and services tax rate for hybrid vehicles. He also said limit on highways will be increased to 120 kmph from 80 km shortly.
News On AIR | July 30, 2017 7:31 PM
Ready to give Rs 1000 cr funds to states for setting up bus terminals: Gadkari