New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi has approved the development of Phase-I of the Pune Metro Rail Project.
The project, conceived by Pune Municipal Corporation (PMC) about a decade ago, will be set up at a cost of Rs 11,420 crore. Phase I of the project will cover a length of 31.254 km comprising two corridors from Pimpri-Chinchwad to Swargate covering a length of 16.589 km (11.57 km elevated and 5.019 km underground) and Vanaz to Ramwadi covering 14.665 km (fully elevated). The population of 50 lakh of Pune Metropolitan Area will be benefited by this metro corridor.
A statement issued by the Press Information Bureau (PIB) said that the project is scheduled to be completed in five years from the date of start of work as per the Detailed Project Report (DPR).
“The project will be implemented by Maharashtra Metro Rail Corporation Limited (Maha-Metro), the statement said.
Centre approves Pune Metro Rail project
“It will be a 50:50 jointly owned company of Union government and State government,” the statement added. The existing Nagpur Metro Rail Corporation Limited (NMRCL), which is a joint Special Purpose Vehicle (SPV) of Government of India (GoI) and Government of Maharashtra (GoM), would be reconstituted into Maharashtra Metro Rail Corporation Limited (Maha-Metro).
Pune BJP MP Anil Shirole complimented the Union and the State governments for taking a keen interest in the project and approving it in a time-bound manner.
“Prime Minster Narendra Modi is likely to do the groundbreaking ceremony soon. Union Urban Development Minister Venkaiah Naidu, Road Transport Minister Nitin Gadkari, Chief Minister Devendra Fadnavis all batted for Pune Metro project,” said Shirole.
Welcoming the Union Cabinet’s decision to approve the project, Pune Guardian Minister Girish Bapat said the State government will see to it that the project is implemented smoothly and in a fast-paced manner.
According to Municipal Commissioner Kunal Kumar, the State Cabinet will meet and decide how the project will be executed. “Thereafter the work for the project will kick off,” he added.
PMC had appointed Delhi Metro Rail Corporation (DMRC) for preparing the Detailed Project Report in 2006 for the project. DMRC submitted the DPR to PMC in 2009. And since then there have been continuous discussions on this project but after overcoming all the hurdles finally the Pune Metro project got the Centre’s nod.