PUNE’s dream of getting its own Metro rail service may turn into reality soon, as the project may get a green signal from the Union cabinet on Wednesday. The Prime Minister’s Office has already given its approval for the much-awaited project on Monday.
“When I checked with the Prime Minister’s Office on Monday evening, I was told that Pune Metro has been approved by the PMO,” said Pune MP Anil Shirole, who is in Delhi currently to attend the ongoing Parliament session.
A cabinet note was being prepared on Pune Metro, said Shirole, adding, “The note will be placed before the Union Cabinet on Wednesday for final approval.”
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Once the Cabinet approves it, “the state government will begin the process to get work on Pune Metro started,” said Shirole. The Pune Metro project was placed before the PMO after the Public Investment Board (PIB) of the Union Finance Ministry gave its go-ahead in October.
“The PIB has recommended the proposal of Pune Metro rail to the Union Cabinet. There have been no conditions attached… but some suggestions have been made that have been incorporated,” Municipal Commissioner Kunal Kumar had told The Indian Express in October.
The estimated cost of the two initial Metro routes is Rs 12,298 crore, with the state and the Union government contributing 20 per cent each. The Pune Municipal Corporation and the Pimpri Chinchwad Municipal Corporation will bear 10 per cent of the cost, while the remaining 50 per cent will be raised through a loan.
Of the contribution of Rs 1,278 crore by local civic bodies, Rs 972 crore is required for land acquisition to implement the project. If managed through Transfer of Development Rights (TDR), the actual in-cash contribution of PMC and PCMC together would be Rs 317 crore. The work on the two routes is likely to be completed by 2021-22.