Metro Rail News Online

Pune: After introduction of new Metro Rail Policy and reviewing the proposal submitted by the state, the Central government on Wednesday, approved long awaited metro corridor between Shivajinagar and Hinjewadi in Pune on a public private partnership (PPP) basis. “The nod has been received for the Hinjewadi-Shivajinagar Metro corridor by the Central government and they have approved Rs.1,300 crore as viability gap funding for the same. The Maharashtra government had already cleared this project which will be executed by the PMRDA”, Chief Executive Officer (CEO) of PMRDA Kiran Gitte said. He further said that the secretary of economic affairs, officers from the urban development department, Niti Aayog , department of finance and other ministries were present at a meeting, along with PMRDA officials, to clear the project. Now PMRDA will be able to start administrative work and the tendering process. Maharashtra Chief minister Devendra Fadnavis is being seen as the drivi...

Pune: After introduction of new Metro Rail Policy and reviewing the proposal submitted by the state, the Central government on Wednesday, approved long awaited metro corridor between Shivajinagar and Hinjewadi in Pune on a public private partnership (PPP) basis. “The nod has been received for the Hinjewadi-Shivajinagar Metro corridor by the Central government and they have approved Rs.1,300 crore as viability gap funding for the same. The Maharashtra government had already cleared this project which will be executed by the PMRDA”, Chief Executive Officer (CEO) of PMRDA Kiran Gitte said. He further said that the secretary of economic affairs, officers from the urban development department, Niti Aayog , department of finance and other ministries were present at a meeting, along with PMRDA officials, to clear the project. Now PMRDA will be able to start administrative work and the tendering process. Maharashtra Chief minister Devendra Fadnavis is being seen as the drivi...

Pune: The Pune Metropolitan Region Development Authority (PMRDA) has appointed Deloitte as transactional adviser to ready its bid document and evaluate companies that have made a bid for the metro project. The metro rail project from Hinjewadi to Shivajinagar will be implemented under the public private partnership (PPP) model and cost Rs 7,947 crore. "We have a team of six people from the company who are experts in the field of traffic management, real estate, financial, railway engineering, taxation and law. They will evaluate the qualification of the bids and ready the agreement by September end,"" stated PMRDA chief Kiran Gitte on the proposed 23.33 km Hinjewadi-Shivajinagar stretch . The officials have been asked to ready the request for proposal and the draft of the concession agreement by September. PMRDA expects the officials to work with them till the bid is finalised. They will have to check everything from design, cost, the success of ...