METRO PROJECT LAUNCHED IN PUNE CITY

Pune city is the latest entrant to the list of city with Metro system. Pune is one of the emerging cities in India with a population of 5 million. The city is emerging as IT and automotive city.

Pune Metro is a under construction metro rail project for the Pune Metropolitan Area. The project is initiated by The Pune Metropolitan Region Development Authority (PMRDA). The Project will be implemented by Maharashtra Metro Rail Corporation Limited (MAHA-METRO), which will be a 50:50 jointly owned company of Government of India and Maharashtra government.

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 following are approved 3 metro routes:

Route

Length

Estimated Cost

Type

Vanaz to Ramwadi

14.66 kms

INR 69.6 billion

Elevated

Swargate to Pimpri Chinchwad

16.59 kms

INR 32.2 billion

Elevated / Underground

Hinjewadi to Shivajinagar

23.3 kms

INR 79 billion

Elevated

Line 2 will be the first line to be built. It will connect Ramwadi to Vanaz. It is expected to complete the construction work by 2019.

Funding Mechanism

The proposed funding mechanism for the development of metro project is as follows:

  • Government of India – 20%
  • Government of Maharashtra – 20%
  • Local bodies (Pune Municipal Corporation and Pimpri-Chinchwad Municipal Corporation) – 10%
  • Loan – 50%

The state government's share of 20% includes the expenses of acquiring land, including government land, at market price. PMRDA has submitted proposal to World Bank and Asian Infrastructure Investment Bank (AIIB) to seek loan of INR 63.25 billion from the government.

Project Started

Pune Metro project is inaugurated on 24 December 2016. Government of India approved the development of phase-I of Pune Metro Rail Project which will cover a length of 31.25 km at the total completion cost of INR 114 billion (US$ 1.7 billion).