Pune Metro|New estimate for metro project pegged at Rs 11,522 crore

0
210
Namma Metro Project

Pune: Commute on the metro might get costlier as the delay in project approval and execution is escalating its cost.
The new revised estimate for the completion of the project announced by the Delhi Metro Rail Corporation (DMRC) is pegged at Rs 11, 522 crore, a hike of Rs 653 crore compared to last year’s estimate.

As per the revised estimates, the project on the Chinchwad Swargate corridor will cost Rs 7,628 crore which was Rs 7,422 crore in August, 2014. The corridor on Vanaj-Ramwadi route will now cost Rs 3,894 crore com pared last year’s Rs 3,447 crore.

“The civic administration has received the copy of the revised estimate of the Pune Metro project. The administration will submit the copy to the state government on Monday . This will speed up the approval process,” said PMC commissioner Kunal Kumar. He said that the new esti mate will be valid for the next six months. The administration will decide the fares based on the Delhi metro ticket rates.

The fare for metro will have to be revised with cost escalation.Further delay in approval and execution will increase the cost more. While the state and the Centre continues to sit on the Pu ne Metro proposal and experts debate over elevated and underground options, cities that had started the metro bid process along with Pune have chugged ahead. In a recent review of metro projects being undertaken across the country , cities that had initiated the metro bid along with Pune such as Bengaluru, Chennai and Ahmedabad showed good progress. Even Nagpur and Kochi, that started the metro process much later, were far ahead of Pune.

The review of metro projects in the country was conducted by the central government, which warned against any delay in the execution of these plans. During the review, Union urban development department had urged cities to ensure that there are no time and cost overruns. He said that infrastructure projects are the government’s top priority and are being monitored by the Prime Minister’s Office.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.