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PMRDA to invest Rs 100 crore to acquire 70 acres of land for Pune metro

PMRDA to invest Rs 100 crore to acquire 70 acres of land for Pune metro

The Pune Metropolitan Region Development Authority (PMRDA) will pump in Rs 100 crore to acquire 70 acres of land — 50 acres in Mann and 20 acres in Balewadi — to build the carshed of the proposed Hinjewadi-Shivajinagar Metrostretch.

PMRDA Chief Kiran Gitte on October 17 said they would speed up the acquisition process and has the funds for it. The 23.33km Hinjewadi-Shivajinagar Metro rail project will be implemented under the public private partnership (PPP) model at Rs 7,947 crore.

“We estimate the land acquisition cost will be around Rs 100 crore. Once the farmers agree to the rates, the acquisition process will roll. The land at Mann will be for the carshed and the Balewadi plot, which belongs to a catering college, will be provided to make it financially viable for the company executing the project,” Gitte said.

The PMRDA Chief said their initiative for the “branding” of the 23 Metro stations has received encouraging response from many IT companies. “The most recent firm evincing interest is Cosmos. Infosys had expressed intent to develop one of the stations near Hinjewadi,” he added.

The Union cabinet recently approved the new Metro policy giving clarity on project developments, collaborations, participation, standardizing norms, financing and creating a procurement mechanism conducive for its effective implementation.

Source – ET, Pune

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