Cabinet nod to raise finance for developing new Pune Metro routes

He said that the funds will be raised through loan for execution of the Metro route from Vanaz to Chandni Chowk and Ramwadi to Wagholi route to be developed to the existing Line 2 from Vanaz to Ramwadi.

Similarly, the funds will be raised for the routes from PCMC to Nigdi and Swargate to Katraj on the existing from PCMC to Swargate line.

“All these extensions of routes have been approved by the Union government. The availability of funds will ensure faster execution,” said Tambhekar.

The state Cabinet also gave consent for seeking funds through loan for execution of Metro Line from Khadakwasla to Kharadi via Hadapsar on Metro Line 4, and Nal Stop to Manikbaug route.

In another decision, the state Cabinet approved the increased expenditure of Pune Metro rail to construct two new stations on the proposed Swargate to Katraj underground route.

“The two new metro stations Balajinagar and Bibewadi will be constructed at a cost of Rs 683.11 crore. The state government has given in principle approval to the expenditure so it will gain pace now,” he said, adding the tender process has already been started for the work considering the two new stations in the plan.

Of the Rs 683.11 crore, the PMC will bear a cost of Rs 227.42 crore, a loan of Rs 341.13 crore will be raised while the remaining funds will be provided by the state government.

The Pune Metro presently has operations on Vanaz to Ramwadi and PCMC to Swargate routes while the extensions have been approved by the Union and state governments.

The Khadakwasla to Kharadi route has state government approval and is awaiting Union government’s permission for implementation.

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