(1) The main object of the Unified Metropolitan Transport Authority shall be to secure the development of an integrated, efficient, modern, multi-modal mobility system including non-motorised means of mobility with focus on movement of people and goods instead of vehicles for the area falling in the jurisdiction of the Metropolitan Region Development Authority of which it is a part, and it shall undertake all such activities as are necessary or incidental to achieving this object.
(2) Without prejudice to the generality of the provisions of sub-section (1), the Authority shall discharge the following functions, namely:––
(i) formulation of policy to guide the approach for developing the transport system in the region ;
(ii) identification of sources of finance for the development of transport infrastructure ;
(iii) identification of the need and finalization of the regulatory mechanism(s) to regulate integration between different modes, safety, fares, interoperability, and other allied aspects ;
(iv) identification of interventions in terms of infrastructure and amenities required to be made to achieve the object set out in subsection (1) ; and
(v) research and development on mobility, and capacity building and upgradation of skills of the stakeholders.]