The Union cabinet approved the first phase of the Pune Metro rail project covering a distance of 31.254 km over two corridors -Pimpri Chinchwad Municipal Corporation to Swargate covering 16.6 km and Vanaz to Ramwadi covering 14.7 km. While the first corridor will be a mix of underground and elevated sections, the second corridor will be completely elevated.
The entire Metro project, to be built at a cost of Rs.11,420 crore, will benefit around 50 lakh people in the Pune metropolitan area. The project is expected to be completed in five years.
The project will be implemented by the Maharashtra Metro Rail Corporation Limited (MAHA-METRO), which will be a 50:50 jointly owned company of the Central and Maharashtra governments. It will be covered under the legal framework of the Metro Railways (Construction of Works) Act, 1978, the Metro Railways (Operation and Maintenance) Act, 2002, and the Railways Act, 1989, as amended from time to time.
The existing Nagpur Metro Rail Corporation Limited (NMRCL), which is a joint Special Purpose Vehicle (SPV) of the Central and Maharashtra governments, will be reconstituted into the MAHA-METRO for implementation of all state metro projects, except the Mumbai Metropolitan Region.
A press statement issued by the central government stated, “The approved alignments are expected to provide much needed connectivity to commuters and will traverse through some of the densest and traffic congested routes in the Pune metropolitan area.“
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