Cabinet Approves Pune Metro Phase 1 Extension for Rs.29.54 Bn
The Union Cabinet has approved the extension of Pune Metro Phase 1, which will cover a distance of 23.3 km and cost Rs.29.54 billion.
Pune MetroPhase 1 ExtensionRs2954 BnUnion CabinetMaha MetroReal Estate PuneAug 21, 2024
The Pune Metro Phase 1 extension will connect the city's key areas, including the airport, railway station, and major commercial hubs. The project will also include the construction of 23 stations and the procurement of 34 trains.
The approval of the Pune Metro Phase 1 extension is a significant step towards improving the city's public transportation system. The project is expected to reduce traffic congestion, promote economic growth, and enhance the quality of life for citizens.
Information
The Pune Metro project was first proposed in 2016, with the aim of providing a modern and efficient public transportation system to the city. The project has been divided into two phases, with the first phase covering a distance of 23.3 km and the second phase covering a distance of 14.9 km.
Maharashtra Metro Rail Corporation Limited (Maha Metro) is a joint venture company between the Government of India and the Government of Maharashtra. The company is responsible for the development and implementation of the Pune Metro project.
Frequently Asked Questions
What is the distance covered by the Pune Metro Phase 1 extension?
The Pune Metro Phase 1 extension will cover a distance of 23.3 km.
What is the estimated cost of the Pune Metro Phase 1 extension?
The estimated cost of the Pune Metro Phase 1 extension is Rs.29.54 billion.
What is the expected completion date of the Pune Metro Phase 1 extension?
The Pune Metro Phase 1 extension is expected to be completed by 2026.
How many stations will be constructed as part of the Pune Metro Phase 1 extension?
23 stations will be constructed as part of the Pune Metro Phase 1 extension.
How many trains will be procured for the Pune Metro Phase 1 extension?
34 trains will be procured for the Pune Metro Phase 1 extension.
Related News Articles
Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors
Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe
The Kerala police have handed over the missing case of Mohammad Attur, a prominent real estate businessman, to the Crime Branch to prevent a CBI investigation.
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.
Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations
Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities
In 2025, we can expect a significant rise in commercial real estate activity in Tier-II and Tier-III cities across India, driven by factors such as low operating costs, ample space, skilled talent, and infrastructure development.
Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land
The Maharashtra Transport Minister, Pratap Sarnaik, has called on the Confederation of Real Estate Developers’ Associations of India (CREDAI) to participate in the development of 1,360 hectares of land owned by the Maharashtra State Road Transport Corpora