SPV to be set up for GB Nagar e-buses

The Gautam Budh Nagar's three industrial bodies -- Noida, Greater Noida, and the Yamuna Expressway Industrial Development Authority -- have initiated the process to set up a special purpose vehicle (SPV) (a new company) for operating the city bus service in the district.

- Vinod Rajput

NOIDA:

"We have initiated the process to form SPV that will be tasked with running the bus service in the district. Since Noida's stake is higher, we are completing the process of formation of the SPV," said Noida's chief executive officer (CEO) Lokesh M on Tuesday.

500 electric city buses will soon be operational across Noida, Greater Noida, and the Yamuna Expressway region. These buses will run on 25 routes across the district, including offering services to the Noida International Airport.