PMRDA to start construction of ₹8,314-cr metro line
The commissioner of Pune Metropolitan Region Development Authority (PMRDA), Suhas Diwase, informed that 98% of the land required for the ₹8,314 crore Hinjewadi-Shivajinagar Metro corridor has been acquired. Tata-Siemens, the concessionaire, will soon start the project as the University flyover plan has also been approved by the technical committee and the Pune Unified Metropolitan Transport Authority (PUNTA). A technical committee under former Public Works Department Secretary C T Joshi (retired) and chief engineers from Pune Municipal Corporation, PMRDA, PWD and the Superintendent Engineer of PMRDA will decide the pacing work and cost. The central government's share of ₹1,224.8 crore is awaited under the Viability Gap Funding while the concessionaire will bear 60% of the project cost. The concession agreement is for a 35-year period, with an option to extend it for 25 years.
