Pune Metro update

Don’t delay the project, this was the Delhi Metro Rail Corporation’s (DMRC) advice to the Pune Municipal Corporation and the state government. The report in 2009 has cited rapid industrialisation and intense commercial developments in the past few decades that have resulted in a steep rise in travel, stressing out Pune's transport infrastructure. With the projected increase in the city's population, strengthening and augmenting the existing transport infrastructure has assumed urgency, it added. The large number of industrial units that will come up would make the traffic situation in the city worse and being thickly populated, the city's existing road-based urban transport system is already under stress, leading to longer travel time, increased air pollution and rise in number of road accidents.
THE NEXT STEP
* Seek cabinet approval for the DPR from the state government
* The DPR should be sent to the ministry of urban development, planning commission and finance ministry with the request to approve the metro project and for financial participation through equity contribution in the SPV
* Signing of an MOU between the state and Union governments giving details of the joint venture bringing out the financial involvement of each party, liability for the loans raised, the administrative control in the SPV, policy on fare structure and operational subsidy
* A special purpose vehicle for implementing the project and for subsequent operation and maintenance
* The state government should formulate a funding plan and get the Centre's approval. The loan portion of the funding will have to be tied up by the state government in consultation with the Centre
* The government should freeze all developments along suggested corridors. For any constructions within a 50 m of the proposed alignment a 'no objection certificate' should be introduced to avoid infrastructure expenditure later
FINAL DRAFT
* The DMRC's final draft report expected that the Pune metro project could be completed by 2014-2015 at a cost of Rs 8,401 crore (first corridor) and Rs 9,534 crore (second corridor)
* The Pune metro can request for concession on valueadded tax and concessions in electricity and other municipal taxes.
* The PMC needs 64,435 hectare of land for the metro.
* The area, along with the metro corridor, could be commercially exploited by giving additional FSI which would raise Rs 2,000 crore in the first four years of its implementation.
* As per the DMRC model, 40 % funds could be raised from the state and central governments and the remaining would come from property development, market borrowing and soft loans
THE ROUTES DISTANCE TO BE COVERED 75.5 km
METRO LINE 1
PHASE I (2013) Chinchwad to Swargate via College of Agriculture, Shivajinagar-PMC headquarters : 16.59 km
PHASE II (2021) Chinchwad to Nigdi and Swargate to Katraj :15 km
METRO LINE 2
PHASE I (2013) Vanaz to Ramwadi via Nalstop, Civil court and Pune station : 14.93 km
METRO LINE 3
PHASE II (2021) Deccan Gymkhana to Bund Garden via Swargate, Hadapsar road, Golf course and Koregaon Park: 11 km
METRO LINE 4
PHASE -II (2021) ASI to Hinjewadi via Pune University and Aundh : 18 km
PROPOSED FARES
FOR 2013-14
MINIMUM: Rs 8 up to 2 km
MAXIMUM: Rs 23 for over 27 km