PMRDA launches ₹23,828 cr ring road project

The Pune Metropolitan Region Development Authority (PMRDA) is all set to start the construction work on the first phase of the 128-km ring road, from Satara Road to Ahmednagar stretch entailing a combined investment of ₹23,828 crore, said, PMRDA commissioner Kiran Gitte, elaborating that tenders for the service roads have already been approved and the Centre has agreed to sanction funds for the main carriageway. Work on the first phase of the ring road (32.3km) is being launched very shortly and the PMRDA will use ₹326 crore its own funds to build the service lanes and that the Centre is expected to release ₹1,981 crore for the main carriageway. Of the total project cost, the Centre will chip in ₹10,234 crore, while the remaining ₹13,594 crore will have to be generated through town planning schemes and other resources. The PMRDA claimed that the first phase — Satara Road to Ahmednagar Road will be followed by the second phase, from Ahmednagar Road to Nashik Road and the entire project will be built on fast tracked basis.