Japan Bank might fund traffic projects

Japan Bank might fund traffic projects
The Times of India

Bangalore: The Japan Bank Investment Corporation (JBIC) is considering funding an Intelligent Traffic Management (ITM) for Bangalore to help the city get rid of its traffic congestion.

The JBIC is looking at funding key projects and the ITM which includes installation of CCTVs and cameras at traffic junctions. It has worked on funding a similar projects in Beijing where over 100 major intersections have been covered.
A two-member team comprising Hong Kong-based Parsons Brinckerhoff (PB) director Chris Hyland and Beijing-based PB director (transport & urban planning) Yan Wang were in the city studying Bangalore’s transportation requirements.

The team is in the country to study India’s transportation sector — ports, airports, road transport, railways and urban transport. The team have participated in funding the Delhi Metro Rail and are in discussions to fund the Bangalore Metro Rail as well. Bangalore Metro Rail Corporation (BMRC) managing director K N Shrivastava said the JBIC may fund up to 30 per cent of the money for the project.

The team has worked on the transit oriental development in Beijing, Hong Kong, Shangai and in some of the US cities of. “In Bangkok, we have helped in the elevated rail and underground transit system. The JBIC is also looking at funding a bus rapid transit system for Bangalore and a transportation masterplan” Hyland said.