BMC allocates Rs 1000 cr for BEST bus services in FY 2025-26 budget

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..... BMC allocates Rs 1000 cr for BEST bus services in FY 2025-26 budget
Budget
Dated:- 4-2-2025
PTI
Mumbai, Feb 4 (PTI) The Brihanmumbai Municipal Corporation (BMC) has in its budget for the financial year 2025-26 allocated Rs 1,000 crore for the civic bus services BEST, acknowledging its financial challenges. The Brihanmumbai Electric Supply and Transport (BEST) undertaking, the second- .....

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..... largest public transport system in the metropolis after suburban trains, operates a fleet of around 3,000 buses, serving more than 30 lakh commuters daily. In the budget document presented on Tuesday, the BMC stated that despite its own financial commitments, it has made the provision considering BEST's financial position. "Although BMC itself has a huge requirement of funds towards its ongoin .....

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..... g projects and other important objectives, a total provision of Rs 1000 crore is proposed in 2025-26 as a grant to BEST undertaking considering its financial position," the document stated. As per the budget documents, the funds will be used for infrastructure development, capital equipment purchases, loan repayments, wet lease buses, pay revisions, daily operations, the Intelligent Transport Ma .....

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..... nagement System (ITMS) project, Diwali bonuses of employees, pensioner dues and electricity bills. The document also says that as per the state directives, BMC will contribute Rs 128.65 crore, its 5 per cent share, towards the procurement and deployment of 2,000 electric buses for Mumbai, but it is not clear if the amount is part of the Rs 1,000 crore assistance or a separate provision. The BM .....

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..... C also pointed out that since 2012-13, it has provided Rs 11,304.59 crore in financial assistance to BEST, which is financially bleeding and its accumulated loss amount is around Rs 9,500 crore. The document also noted that Rs 992 crore has been sanctioned by the 15th Finance Commission for BEST's electric bus purchases. Of this, Rs 493.38 crore has already been received and disbursed, with the .....

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..... remaining Rs 498.62 crore to be provided once received. PTI KK GK
News - Press release - PIB .....

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