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
India's Emerging Real Estate Hotspots: Vizag and Tirupati Lead the Way
Vizag and Tirupati have been identified as two of the 17 high-potential real estate hotspots in India, with Visakhapatnam expected to experience accelerated growth across various asset classes.
Blue Energy Motors Powers Maharashtra's Green Transition with New Electric Truck Plant
Maharashtra is making significant strides in its green energy transition with the establishment of Blue Energy Motors' new electric truck plant. This initiative aims to reduce carbon emissions and promote sustainable transportation solutions.
Pune: Suryadatta Institutes of Management Claims 32nd Position in Top 50 B-Schools
Pune: Suryadatta Institutes of Management, a leading educational institution in Pune, has been ranked 32nd among the top 50 B-Schools in India. This achievement highlights the institute’s commitment to excellence in management education and its focus on p
Small Developers Struggle in India's Luxury Real Estate Boom
Small developers are facing significant challenges amid the rapid growth of luxury real estate in cities like Gurugram. With high-end projects becoming the norm, smaller players are finding it increasingly difficult to compete.
Luxury Housing Market Surges with 28% YoY Growth in Q1 2025 Across Top Seven Cities
India's luxury housing market continued its upward momentum in Q1 2025, with sales of high-end homes priced above US$ 464,594.80 recording a significant 28% year-over-year growth. This robust performance is a testament to the resilience and demand in the top seven cities.
Residential Real Estate Market Sees 12% Decline in Sales Across Top Seven Cities: Q1 2025 JLL Report
The residential real estate market in India's top seven cities has witnessed a 12% decline in housing sales in the first quarter of 2025, according to a recent report by JLL. The shift in buyer preferences towards properties priced above ₹1 crore is a key factor driving this trend.