Pune News: The state cabinet have finally approved the proposal to lease out the state government land in Balewadi for Pune Metro that is around 4.75 hectare to Tata-Siemens for a total duration of 35 years for commercial use.
Officer of PMRDA ( Pune Metropolitan Region Development Authority) said, “The metro rail project from Hinjewadi to Shivajinagar is being developed by Tata-Siemens. In an agreement signed with PMRDA, it had laid the condition of getting five hectare of land for commercial use. It has now been provided in Balewadi.”
He further said, “Almost 95 per cent of the land for the project has been acquired and we are hopeful to see the actual work on the project begin soon.”
As per the previous plans the Pune Metro was likely to be operational by March 2023 and have the ability to ferry around 30,000 people per hour. But the officer of PMRDA said due to the delay in the land acquisitions for Pune Metro it has affected its plans and the metro route is unlikely to be started as per the plans.
The total budget for metro came out to be around ₹8,100 crore. The Metro line will have 23 stops. The metro is around 23.3 km long which will cover the distance between Civil court, Shivajinagar, and Hinjewadi IT park in less then 40mins.