SPV to operate 500 EVs

A Special Purpose Vehicle (SPV) of the three authorities, Noida, Greater Noida and Yamuna Expressway development authorities will be formed to operate a fleet of 500 electric buses, with Noida leading the initiative. A consultant will be appointed to define the SPV’s structure and recommend board members. While the Directorate of Urban Transport (DUT) will procure the buses and hire an agency to operate them under the gross cost contract (GCC) model, the viability gap funding will come from the authorities. The estimated project budget would cover the cost of purchasing e-buses, fast chargers (240 kW), plant and equipment, tools and depot maintenance.

 Under this plan, 300 buses will be deployed in Noida (150 12m ones and 150 9m ones), and 100 each will be deployed in Greater Noida and YEIDA. Buses will ply at 10–15-minute intervals during peak hours and 15–20 minutes during off-peak times. The SPV will manage the fare system, while the operators will be paid on a per-kilometre basis.