India has recently signed agreement with which international organisation for ‘Efficient and Sustainable City Bus Service Project’?
India has recently signed agreement with which international organisation for ‘Efficient and Sustainable City Bus Service Project’?
[A]World Bank (WB)
[B]International Monetary Fund (IMF)
[C]New Development Bank (NDB)
[D]Asian Infrastructure Investment Bank (AIIB)
World Bank (WB)
The Government of India (GoI) has recently signed a $9.2-million grant agreement with the World Bank (WB) for the ‘Efficient and Sustainable City Bus Service Project’. The agreement has been signed under the World Bank-Global Environment Facility (GEF) Program. The International Bank for Reconstruction and Development (IBRD) will be the implementing agency of the GEF for the project. The purpose of the project is to improve the efficiency and attractiveness of city bus transport and reduce greenhouse gas emissions in the demonstration cities of Bhopal, Chandigarh, Jaipur and Mira Bhayandar municipality in the Thane district of Maharashtra.