Govt allows KSRTC to purchase 360 new buses
Thiruvananthapuram: The government granted permission to the Kerala State Road Transport Corporation (KSRTC) to purchase 360 new buses including 50 electric fast passenger buses and 310 CNG superfast buses.
Transport minister A K Saseendran informed that the government allowed to purchase buses at a budget of Rs 286.50 crore. Rs 27.50 crore will be granted by the central government and the remaining Rs 259 crore will be given as loan from the Kerala Infrastructure Investment Fund Board (KIIFB) at 4 percent interest rate.
The buses running on compressed natural gas (CNG), liquefied natural gas (LNG) and electric power will start service within 3 years. A CNG pump was set up in Anayara. Oil companies are conducting studies ahead of setting up pumps in other places.
The price of LNG is too low. Indian Oil Corporation provides LNG at Rs 44 per kilogram and CNG at Rs 57.30 per kilogram. However, the price of diesel is at Rs 7 per litre presently. Compared to this, other fuels are more affordable.