The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the development of Pune Metro Rail Project Phase – 1. The Pune Metro Rail Corridor would cover a length of 31.254 km comprising of two corridors, with Corridor – 1 (Pimpri Chinchwad Municipal Corporation to Swargate) covering a length of 16.589 km (11.57 km elevated and 5.019 km underground) and Corriodor-2 (Vanaz to Ramwadi) covering 14.665 km (fully elevated).
The total completion cost of the metro rail corridor would be Rs 11,420 crore. The population of approximately 50 lakh of Pune Metropolitan Area would be benefitted through this metro corridor.
As per the Detailed Project Report (DPR), the project is scheduled to be completed in five years from the date of start of work.
The approved alignments are expected to provide connectivity to the commuters and would traverse through some of the densest and traffic congested routes in the Pune Metropolitan Area. It would considerably reduce the traffic congestion and would bring in fast, comfortable, safe, pollution-free and affordable mass transportation system in the city, which in turn would contribute to further development and prosperity of the area. Development and prosperity of Pune Metropolitan Area would also contribute to the prosperity and development of the nation.
The Project would be implemented by Maharashtra Metro Rail Corporation Limited (MAHA-METRO), which would be a 50:50 jointly owned company of Government of India and Government of Maharashtra. The project would 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 Government of India (GoI) and Government of Maharashtra (GoM), would be reconstituted into Maharashtra Metro Rail Corporation Limited (MAHA-METRO) for implementation of all metro projects including Pune Metro Rail Project Phase-1 in the state of Maharashtra outside Mumbai Metropolitan Region. The project would benefit from the experience and learning from other Metro Rail projects in Delhi, Bengaluru, Chennai, Kochi, Nagpur etc.