The state government of Maharashtra has approved a metro rail project for Pune
February 19, 2011
The state government of Maharashtra has approved a metro rail project for Pune and would make a budgetary provision for the proposed 14.9-km second corridor from Vanaz on Paud road to Ramwadi on Pune-Ahmednagar road. The proposal would be forwarded to the central government for a final approval soon.
Chief minister Prithviraj Chavan stated that the state government fully supported the project. The metro project will cost Rs 2,281 crore. The Pune Municipal Corporation will contribute 10 per cent towards the project, get 40 per cent from the state and the Centre and source the remaining amount from private players. A high-powered committee of the state government will look into the project, which will be implemented through a special purpose vehicle (SPV).