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
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