Maharashtra issued a government resolution (GR) to set the Pune Metro in motion. The Rs 2,593-crore mass transit project, modelled like the Delhi Metro Rail Corporation, with contribution from the Centre, will be funded by the Pune Municipal Corporation, the state government and a Special Purpose Vehicle called the Pune Metro Rail Corporation.
The GR also proposed fares for the 12 legs of the metro in 2014-15. The highest fare would be Rs 24 for a distance of 30 km. “The first stage is of two km and the fare is Rs 7. The second stage is four km for which commuters will pay Rs 10,” the GR stated, adding that the “rates may change after a particular period depending upon the local conditions.”
The Maharashtra state government cannot expect any direct funding from the central government for the Pune Metro. The Centre has made it clear that the state will have to work out a concrete plan with details about how it will get funding for the project before sending the project for approval.
“The state government has decided to share 20 per cent cost of the project and a separate company will be formed to raise another 50 per cent amount. Already the state has appointed a committee under chief secretary to tap funds for the metro. The central government has assured support to the project, but it will only facilitate financing instead of direct funding,” said a senior state government official.
The central government has stated that it will not initiate the construction of a metro rail system in any city. It has communicated to all state governments that urban transport is a state issue and the central government will not intervene unless the state takes the initiative.Central financial assistance is extended to proposals on merits in the form of gross budgetary support or grants under the ministry of finance scheme for financial support to public-private partnerships in infrastructure. At present, the central government has approved the metro rail in Delhi, Bangalore, Kolkata, Mumbai, Hyderabad, Kochi and Jaipur.
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Of the total land requirement, 14 hectares belong to the government and the PMC and four hectares is held by private owners.
Pune Metro Rail Corporation to implement project within 5 years ( starting from June 2012).
The state has clarified that the14.925 km stretch is planned on roads which are 30 m wide. Hence, no more land acquisition is necessary for constructing this metro route.