Pune-based MP Group, provider of integrated support services, today said that it has won a 10-year contract from Noida Metro Rail Corporation (NMRC) to ply buses within Noida and Greater Noida. The bus network will traverse prominent areas with 13 different route plans.
The company has developed a Special Purpose Vehicle (SPV) to implement its NMRC project for City Bus Service operation. Each bus will cost Rs 1 crore while the total cost of the fleet is pegged at Rs120 crore.
Abhishek Pathak, Managing Director MP Group, said: "The buses will be procured by the MP Group whereas infrastructural support in the form of ticket revenue collection and more will be provided by the NMRC. These hi-tech, low floor A/C models will be equipped with Intelligent Transport Management System which will connect to bus stops and facilitate information about real time availability through GPS and PIS technology."
The contract is likely to pave the way for similar opportunities for MP Group to assist private sector players in the development of smart cities in India.
