Indore, is the largest city in state of Madhya Pradesh, and is experiencing rapid growth. In the past decade (2001 - 2011), population in Indore increased at an annualized rate of 3.4%. During the same period, the vehicle ownership has more than doubled to 11.8 lakes from 5.5 lakes, an annual growth rate of 8%, more than double the rate of growth of population. This has happened because of migration of people from surrounding rural areas and also increased economic power of individuals. As a result, there has been increased traffic congestion, reduced speed of travel, increased traffic accidents and fatalities. Data from the traffic police shows that 223 fatal accidents occurred in the year 2011, an increase of 57.04% from the year 2001. The Per Capita Trip Rate (PCTR), which is the average number of trips made by a person in one day, in Indore, is 1.12 trips/person/day. However, due to improvement in economic conditions, entry of women into work force, increase in school trips due to higher enrolment in schools etc. This case provides an interesting setting to study various aspects of development, structuring, financing, feasibility and viability of the BRTS. The case highlights various issues faced by managers and regulators handling city transportation projects. This case would be suitable for courses on project financing, public-private partnerships, infrastructure financing for modules related to transportation and infrastructure financing or structuring PPP for graduates and executive program levels.