Pune: Extension of the Pune Metro from Pimpri to Nigdi and Swargate to Nigdi will take place in the next phase of the project. As per directions of the Pune and Pimpri Chinchwad municipal corporations, the company has already started work for preparation of a Detailed Project Report (DPR) of the project.
"In the DPR, Mahametro will come up with a funding pattern for this extension," said Managing Director of Mahametro Brijesh Dixit on Tuesday. Dixit was speaking at a press conference that was called on completion of one year of the commencement of the Metro project in the city. Dixit said, "Under the current funding pattern, only five per cent is contributed by the civic bodies, but during the extension, the share of civic bodies will be increased."
As per the current estimate, the project will cost Rs 11,400 crore and an equal amount will be contributed by the State and Central governments, while 2.5 times of the share of the State and Central governments is being raised through loans from international financial agencies. European Investment Bank and French Development Bank have agreed to sanction loans for this project. A team from both agencies recently visited the city and took a review of the progress of the work.
Dixit said, "Mahametro is speaking with industrial houses in the city for raising funds. Since Pimpri-Chinchwad is an industrial city, contribution from industries is going to make a big difference. We are flexible about getting their involvement and doing favours to them with regard to the Metro project."
"As the Old Mumbai-Pune Highway is 60 metres wide, work for the metro project has gained momentum. It started in June 2017. Remaining work of the Metro project is going to be completed in the next one and half year and the Metro stretch from Shivajinagar to Pimpri will be made operational by 2020."
- Brijesh Dixit, Managing Director of Mahametro