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Last Updated : | Source: Housing.com/news

Cabinet approves phase-1 of Pune Metro project

The union cabinet, chaired by prime minister Narendra Modi, on December 7, 2016, approved the development of Pune Metro Rail Project Phase-1, an official release said. The project will comprise of two corridors – R


The union cabinet, chaired by prime minister Narendra Modi, on December 7, 2016, approved the development of Pune Metro Rail Project Phase-1, an official release said.

The project will comprise of two corridors – Pimpri Chinchwad Municipal Corporation (PCMC) to Swargate (16.589 kms) and Vanaz to Ramwadi (14.665 kms) and entail a total cost of Rs 11,420 crores.

A population of approximately 50 lakhs, from Pune’s metropolitan area, will be benefited by this metro corridor, the release added. The approved alignments, are expected to provide much-needed connectivity to commuters and would traverse through some of the densest and traffic-congested routes in the Pune Metropolitan Area, the release said.

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The project is scheduled to be completed in five years from the date of start of work, as per the detailed project report (DPR).

See also: Transit-oriented development: The Pune case study

It will be implemented by the Maharashtra Metro Rail Corporation Limited (MAHA-METRO), which will be a 50:50 jointly owned company of government of India and the Maharashtra government.

The existing Nagpur Metro Rail Corporation Ltd (NMRCL), a joint special purpose vehicle (SPV) of the government of India and Maharashtra government, would also be reconstituted into MAHA-METRO, for implementation of all metro projects including the Pune Metro Rail Project Phase-1 in the state of Maharashtra, outside the Mumbai Metropolitan Region.

By: Housing.com/news



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First Published on Dec 8, 2016 03:00 pm
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