The civic body’s contribution for the Metro has increased to 15%. The state and Union governments will share 15% and 10% of the cost, respectively. The standing committee of Pune Municipal Corporation (PMC) on Tuesday approved the revised funding pattern.
Hemant Rasane, chairman of the standing committee, said, “A meeting was conveyed under the chairmanship of deputy chief minister Ajit Pawar last month, where it was decided to increase PMC’s share to 15%. A proposal was tabled by the administration to revise the funding pattern, which was sanctioned by the standing committee.”
The MahaMetro has prepared the detailed project report (DPR) of the route. The entire stretch will be underground with three stations — Market Yard, Saibabanagar and Katraj. The project has been considered as an extension of the existing route.
Rasne said that as per the earlier funding proposal, the PMC was to contribute Rs 233.75 crore against cost of the land and rehabilitation measures. Howeve,r following a decision to increase the contribution, the PMC’s share has been increased to Rs733.85 crore. The revised proposal will be put before the general body for approval, he said.
As per the revised proposal, the state government’s share is pegged at Rs585.23 crore and Union government’s share at Rs323.49 crore. Around 60% funding is proposed to be raised via loan.
The proposal to extend the Metro up to Katraj was under consideration for long. The DPR got delayed because of various technical reasons and alignment issues. The MahaMetro is already constructing a Metro line from Pimpri Chinchwad Municipal Corporation (PCMC) to Swargate, of which the Shivajinagar to Swargate stretch is underground. The work on the entire stretch has been started.
The Swargate-Katraj section is among the busiest stretches in the city. A senior corporator had said in February, “If the extension is executed as a part of the first phase of the Metro project, it would benefit people.”