Pune Metro approved

The Union Cabinet has approved the development of Pune Metro Rail Project Phase–1 which will be implemented by Maharashtra Metro Rail Corporation Limited (MAHA-METRO),  a 50:50 joint company of the Indian Government and Maharashtra State Government.

The Pune Metro Rail Corridor will be covering a length of 31.254 km comprising with two corridors i.e. Corridor-1 (Pimpri Chinchwad Municipal Corporation (PCMC) to Swargate) covering length of 16.589 km (11.57 km elevated and 5.019 km underground) and Corriodor-2 (Vanaz to Ramwadi) covering 14.665 km (fully elevated).

The metro rail corridor will cost Rs.11,420 crore when completed in five years from the date of start of work as per the Detailed Project Report (DPR).

The Project will be implemented by Maharashtra Metro Rail Corporation Limited (MAHA-METRO), which will be a 50:50 jointly owned company of Indian Government and Maharashtra state Government.

The existing Nagpur Metro Rail Corporation Limited (NMRCL), also a joint Special Purpose Vehicle of the Indian Government and Maharashtra Government, would be reconstituted into Maharashtra Metro Rail Corporation Limited (MAHA-METRO) for implementation of all metro projects including Pune Metro Rail Project Phase-1 in the State but outside Mumbai Metropolitan Region. fii-news.com