India’s Union Cabinet approved the phase I of Pune metro rail project. The project of the western Indian city is estimated at Rs.11,420 crore (USD 1.74 billion). According to Pune Metro, the cost will be funded by the PMC (10%), the state government (20%), the Union government (20%) and the remaining 50% will be obtained from loans. The state government’s share of 20% includes the expenses of acquiring land, including government land, at market price.
The 31.25 km rail network will involve into two corridors: from Pimpri Chinchwad Municipal Corporation to Swargate (16.6 km) and from Vanaz to Ramwadi (14.7 km). The first corridor will be a mix of underground and elevated sections, and the second corridor will be completely elevated. The project is expected to be completed in five years.
The approved alignments are expected to provide the much needed connectivity to the commuters and would traverse through some of the densest and traffic congested routes in the Pune Metropolitan Area. It will considerably reduce the traffic congestion and will bring in fast, comfortable, safe, pollution-free and affordable mass transportation system in the city, which in turn will contribute to further development and prosperity of the area. Development and prosperity of Pune Metropolitan Area will also contribute to the prosperity and development of the nation.
The metro project will be implemented by the Maharashtra Metro Rail Corporation Limited, a jointly owned company of Centre and the Maharashtra government.
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