MEIL and Navayuga Submit Tenders for Pune Ring Road Project Amid Electoral Bond Controversy
Pune, 23rd April 2024: Megha Engineering and Infrastructure Limited and Navayuga Engineering Company Ltd., both of which gained attention for their significant political party donations through electoral bonds, have submitted tenders for the Ring Road project in Pune district. The spotlight is now on determining which entity will secure the Pune Ring Road project contract.
To alleviate traffic congestion in Pune and Pimpri Chinchwad cities, the Maharashtra State Road Development Corporation Limited (MSRDC) has undertaken the ring road project. A total of twelve companies, including those implicated in the electoral bond fraud case, have submitted tenders for this project.
The Pune Metropolitan Region Development Authority (PMRDA) has commenced the construction of the Ring Road in two phases: East and West. The total length of this road spans 122 km, with an anticipated width of approximately 110 meters. The Eastern Ring Road covers a distance of 71.35 km, while the Western Ring Road extends for 65.45 km. Land acquisition for the western section of the ring road is nearly 80 % complete. To expedite the project, the work has been divided into five phases or packages.
Efforts to acquire land for the Eastern Ring Road are also progressing rapidly. Together, over 70 % of the land required for the Ring Road has been acquired across both phases. The deadline for tender submissions was April 16, which has recently passed. In response, twelve companies, including both Indian and foreign firms, have submitted tenders for the Ring Road project.
