Cabinet approves phase-1 of Pune Metro project

[] The union cabinet has approved the development of phase-1 of the Pune Metro Rail Project, which will cover a length of 31.25 kms and is scheduled to be completed in five years

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.

You are reading: Cabinet approves phase-1 of Pune Metro project

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.

Read also : 2020 may be driven by office spaces, following highest ever gross absorption: Sankey Prasad, Colliers International India

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.

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

[] Transit-oriented development: The Pune case study

Read also : Park Street property market: An overview

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.

Copyright belongs to:

Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button