Civic body to appoint financial consultant for HCMTR project

ST Correspondent
Thursday, 19 July 2018

PMC Road Department has prepared a proposal to depute a financial consultant which will prepare detailed funding pattern for this project. The estimated cost for this project is Rs 6,646 crore. 

Pune: The Pune Municipal Corporation (PMC) has decided to appoint a financial consultant for  High Capacity Mass Transit Route (HCMTR) that encircles a large part of the cities of Pune and Pimpri-Chinchwad. PMC Road Department has prepared a proposal to depute a financial consultant which will prepare detailed funding pattern for this project. The estimated cost for this project is Rs 6,646 crore. 

While speaking to Sakal Times, Dinesh Gojare, Executive Engineer of Road Department, said, “We have prepared a proposal to appoint a financial consultant who can prepare a report on how funds can be raised for this project. It will be tabled before the Standing Committee for approval soon.”

Gojare further said, “Earlier, we had done a pre-feasibility report for this project. The consultant had mentioned the project cost of Rs 5,096 crore for the actual construction work and Rs 1,550  crore for land acquisition. They had suggested options for funding this project such as toll, cess on petrol and hybrid annuity model. Now, the financial consultant will share details about the three options.”

HCMTR has been designed for speedy travel by reducing congestion. It is a six-lane project with centralised Bus Rapid Transit System (BRTS) of total 37 kilometres in length and 24 meters in width. Separate lanes will be made for heavy vehicles and four-wheelers with minimum 50-kilometre speed.  

Two and three-wheeler vehicles will not be allowed on this route. There will be nine entry and exit points with 33 ramps. The civic body has estimated a period of three years to complete the project. 

The survey conducted by civic body pointed out that the share of private vehicles is 69 per cent while vehicles used for public transport are mere 11 per cent. The survey suggested that after introducing the HCMTR, it will reduce private traffic from  69 per cent to 57 per cent in 2020 whereas public transport will reduce to 28 per cent. In 2040, it will be 39 per cent (private) and 51 per cent (public) respectively.

For the total project, the civic body needs 68.03 hectares of land. At present, they have got 15 hectares of private land through Transfer Development Rights (TDR). There is a maximum share of State and Central governments’ land in the project. Through a study, PMC has found that private share of traffic is 69 per cent and public transport is 11 per cent.

The Route of HCMTR
Kalas-Yerwada, Wadgaonsheri, Mundhwa, Ghorpadi, Wanowari, Hadapsar, Pune Cantonment, Kondhwa (Lulanagar), Gultekadi (Maharshinagar), Swargate, Parvati, Navi Peth, Dattwadi, Erandwane, Karvenagar, Kothrud, Senapathi Bapat Road, Gokhalenagar.

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