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May 09, 2015 / 10:36

Approving policies for public transport development by bus

The Prime Minister has issued a number of mechanisms and policies to encourage bus companies to develop public transport bus services, including infrastructure development, investment in buses and subsidies of passengers` bus fares.

According to the policies , bus companies will be prioritised to receive funds from State budgets for infrastructure investment and development, including land funds, facilities to connect between buses and other means of transport, investment in clean-energy buses, and companies may be created condition to receive loans with favourable interest rates.
Besides, people's committees in cities and provinces will be asked to support interest rates of loans for bus enterprises.
Photo for illustration
Photo for illustration
Bus enterprises will also receive tax exemptions on imported automobile parts to produce and assemble buses. The ownership fees will be free for those whose buses use clean energy.
Based upon their financial resources, the committees will determine the amounts of subsidies for bus fares, such as free travel for children under six, people with disabilities and reduced fares for the elderly, students and others.
The people's committees in cities and provinces will also take responsibility for supporting the construction of management centres for buses to allow staffs to supervise the quality of service offered by buses in their localities.
The policies will take effect in July.