The state government of Kerala in India has given an in-principle approval to raise auto-rickshaw, bus and taxi fares due to an increase of INR 5 (US$0.10) per litre in diesel prices.
November 30, 2012
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The state government of Kerala in India has given an in-principle approval to raise auto-rickshaw, bus and taxi fares due to an increase of INR 5 (US$0.10) per litre in diesel prices.
The Austrian Industrial Association (IV) has called for a road pricing system under which drivers would pay less for owning a car but more for using it. This could lower CO2 emissions. The IV's general secretary Peter Koren said that currently those who d
The World Bank and the Indian state of Kerala's Department of Economic Affairs have signed a loan agreement worth US$215.1 million (INR 11.66bn) to finance the second phase of the Kerala State Transport Project (KSTP). In its 2013/2014 budget, Kerala allocated $51.65 million (INR 2.8bn) for the implementation of the second phase of KSTP. In the second phase, about $443.3 million (INR 24.03bn) will be spent to develop 367km of state highways spread over eight corridors built to international standards.
A major programme of road upgrades will help boost transportation in India’s Kerala State. Close to US$190 million will be invested in developing new road links in the state. In all 76 new road links are being planned. Funding is being provided by the Indian Government with the work being overseen by the Kerala Infrastructure Investment Fund Board (KIIFB) and the Kerala Road Fund Board (KRFB).
