Village Bus Licensing Reforms Sample Clauses

Village Bus Licensing Reforms. APG shall ensure that (i) village bus regulatory and licensing reforms are implemented in the Project townships to improve road transport efficiency; (ii) while proposing the maximum limit of permissible fares, the Pricing Bureaus in Anhui considers the cost of providing the service, including the cost of maintaining and replacing the vehicles plus an appropriate return on the capital invested in the vehicle; (iii) discretion is given to the bus operator companies to vary the fares below the maximum limit; (iv) all traffic regulations are enforced by the traffic police in the Project townships, in particular strict restraint on running unlicensed vehicles; and (v) the Guidelines for Village bus Services Best Practice are promulgated within two (2) years after the Effective Date.
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