Central Government to Support Swargate-Katraj Metro Project with Equity Share
The Central Government has announced its decision to support the Swargate-Katraj Metro project in Pune via equity share.
MetroPuneKatrajSwargateEquity ShareReal Estate PuneAug 13, 2024
The Swargate-Katraj Metro project is a vital component of Pune's urban transportation network, aiming to provide a efficient and reliable commute option for citizens. The project has been facing funding constraints, and the Central Government's decision to provide equity share is a welcome move.
The equity share will enable the project to access necessary funds and complete the construction work on time. The project is expected to be completed by 2025 and will provide a significant boost to the city's economy.
The Central Government's support for the project is a testament to its commitment to developing India's urban transportation infrastructure. The government has been actively promoting the development of metro rail projects across the country, and this move is in line with that vision.
The Swargate-Katraj Metro project is a 23.3 km long corridor that will connect Swargate to Katraj in Pune. The project will have 23 stations and is expected to provide a daily ridership of over 2 lakh passengers.
The project is being implemented by the Pune Metropolitan Region Development Authority (PMRDA) and is expected to be completed at a cost of Rs 12,020 crore.
Information
The Pune Metropolitan Region Development Authority (PMRDA) is a statutory body responsible for planning and development of the Pune metropolitan region. The authority is responsible for implementing various infrastructure projects in the region, including the Swargate-Katraj Metro project.
Construction World is a leading online platform that provides news, analysis, and insights on the construction and infrastructure industry in India. The platform covers various sectors, including transportation, real estate, and building materials.
Frequently Asked Questions
What is the Swargate-Katraj Metro project?
The Swargate-Katraj Metro project is a 23.3 km long corridor that will connect Swargate to Katraj in Pune.
Who is implementing the project?
The project is being implemented by the Pune Metropolitan Region Development Authority (PMRDA).
What is the expected cost of the project?
The project is expected to be completed at a cost of Rs 12,020 crore.
What is the expected daily ridership of the project?
The project is expected to provide a daily ridership of over 2 lakh passengers.
What is the expected completion date of the project?
The project is expected to be completed by 2025.
Related News Articles
Luxury Real Estate Magnates Face Serious Sex-Trafficking Charges
Two prominent brothers, known for their luxury real estate brokerage 'The Official', are under arrest on severe sex-trafficking charges. They vehemently deny all allegations and are currently facing both criminal and civil proceedings.
Atlas Copco Inaugurates Cutting-Edge Manufacturing Facility in Pune
Swedish engineering firm Atlas Copco has officially opened an advanced manufacturing facility in Pune, India, marking a significant milestone in the company's global expansion strategy.
Mantra Elevates Luxury Real Estate Portfolio with the Launch of Burgundy
Pune-based real estate leader Mantra has marked a transformative year with the launch of Burgundy, its new luxury residential project, capping off a blockbuster financial year.
Common Mistakes to Avoid When Buying Your First Home
Purchasing your first home is a significant milestone, but it can also be a daunting process. Avoid these common mistakes to ensure a smooth and successful home buying experience.
From Bollywood to Business: Vivek Oberoi’s Multimillion-Dollar Empire in Real Estate and Luxury
Bollywood actor-turned-serial entrepreneur Vivek Oberoi has diversified his portfolio, building a ₹1,200 crore empire across ultra-luxury real estate and lab-grown diamonds.
Maharashtra Launches Online Portal for Leave and License Registration on January 1
Pune - The Maharashtra government is set to launch a new online portal for Leave and License registrations on January 1, 2024. Real estate brokers have been calling for an overhaul of the system for years, and this new platform aims to streamline and simp