Preparation and approval of Sectoral Mobility Investment Program and City Mobility Investment Program

In order to achieve the goals of the Comprehensive Mobility Plan and to plan for financing the projects proposed in the Comprehensive Mobility Plan, the Authority shall prepare the City Mobility Investment Program comprising of the Sectoral Mobility Investment Program of the relevant Urban Transport Agencies, Infrastructure Development Agencies and Traffic Management Agencies as specified in the regulations to be implemented in the Urban Mobility Region as below:-(a) The Sectoral Mobility Investment Program shall be aligned with the goals of the Comprehensive Mobility Plan; (b) The Sectoral Mobility Investment Program shall be prepared in consultation with the Authority; (c) The Sectoral Mobility Investment Programs shall be incorporated by the Authority with or without modification in the City Mobility Investment Program; (d) The City Mobility Investment Program shall be for short to medium term planning horizon towards achieving the objects of Comprehensive Mobility Plan; and (e) The City Mobility Investment Program shall be part of the Comprehensive Mobility Plan. (2) The sinking fund or part thereof shall be applied in or towards the discharge of the loan for which such fund was credited and until such loan is wholly discharged, it shall not be applied for any other purpose.