Boost for Pune Metro Project as Central Government Allocates Rs 410 Crores in Funding
Pune, 5th November 2023: In a significant development for the Hinjawadi to Shivajinagar metro project, the Pune Metropolitan Region Development Authority (PMRDA) has secured a crucial financial injection of Rs 410 crores from the central government. The ambitious metro project, spanning 23 kilometers from Maan-Hinjawadi to Shivajinagar, encompasses a total of 23 stations.
This metro initiative operates under a Public Private Partnership (PPP) model, with a substantial project cost amounting to Rs 8,313 crores. The dedicated Pune IT CT Metro Rail Limited has been established to oversee the successful execution of this transformative project. To facilitate their share of the financial commitment, the government will contribute a total of Rs 1,225 crores, with the recent disbursement of Rs 410 crores marking a crucial milestone for PMRDA.
The persistent efforts of PMRDA Commissioner, Rahul Mahiwal, and Chief Engineer Rinaj Pathan played a pivotal role in securing this funding. Following pursuits by the finance department of the central government, PMRDA successfully received the allocated Rs 410 crores, further propelling the momentum of the metro project.
A recent survey indicates that approximately 14 lakh citizens travel within the vicinity of this metro line on a daily basis. With 23 strategically located stations, including key interchanges at Shivajinagar and Civil Court, commuters will have seamless connectivity to various parts of the city via Mahametro. The efficient travel time from Hinjewadi to Shivajinagar is projected to be just 35 minutes, promising substantial time savings for the city’s residents.
PMRDA reported that about 50 percent of the project work has already been completed, showcasing significant progress. Expressing optimism, Rahul Mahiwal, Commissioner of PMRDA, stated, “The receipt of Rs 410 crores in funding from the central government will accelerate the pace of the Hinjawadi to Shivajinagar Metro project. This financial boost is poised to contribute to the project’s early completion.”
