Centre approves 1,500 crore for Pune’s Ring Road project

With this, the PMRDA has floated a tender for the project.
Residents affected by the proposed Ring Road project in Pune had organised a one-day fast at Dr Babasaheb Amebedkar statue chowk, Pimpri on July 20, 2017.(HT PHOTO)
Residents affected by the proposed Ring Road project in Pune had organised a one-day fast at Dr Babasaheb Amebedkar statue chowk, Pimpri on July 20, 2017.(HT PHOTO)
Updated on Dec 05, 2017 11:28 PM IST
Copy Link
Hindustan Times, Pune | ByAbhay Khairnar, Pune

The central government has approved 1,500 crore for the Ring Road project to be executed by the Pune Metropolitan Regional Development Authority (PMRDA). With this, the PMRDA has floated a tender for the project.

Addressing a press conference on Tuesday, PMRDA chief executive officer Kiran Gitte, said , “The central government has given its nod for the release of 1,500 crore for the Ring Road project. While the funding will be from the National Highway Authority, the Ring Road work would be executed by the PMRDA. The remaining amount would be raised through financial institutions.” 

Gitte said that a 31 km stretch has been proposed in the first phase between Satara road to Ahmednagar road. The tenders have already been floated and it is expected that actual work on ground would be started in the first month next year. 

The stretch has three tunnels and railway line over bridges. Though the state government took the decision not to construct near hills, this road is mainly passing through hills but mainly in the form of tunnels. The PMRDA would take necessary permissions for these tunnels and there would be no environment impact because of it. 

The total ring road length is 128 km and the estimated cost of the project is 13,315 crore. The PMRDA is planning to take loans from global agencies including Asian Development Bank, Japan International Cooperation Agency and other agencies. 

The PMRDA is also conducting the credit rating of the organisation which will help raise funds. There are many plots available with the agency which would be auctioned to raise funds for the project. 

Gitte said that as the government had approved 1,500 crore, the PMRDA has got a two-year window to raise the remaining funds for the project. This 1,500 crore is enough for the next two years. 

The PMRDA has even planned to develop town planning schemes along the Ring Road and undertook a meeting with the land owners. 

Close Story

Less time to read?

Try Quickreads

  • HT Image

    Gurugram’s Vipul Lavanya residents finally get back their road after authorities intervene

    After almost six months, residents of Vipul Lavanya in Sector 81 finally got access to the 24m internal sector road, which was blocked by a developer to construct an affordable housing project. An enforcement team of the department of town and country planning (DTCP) on Thursday demolished the barricades set up by the developer in December last year to block access to the road. Vipul Lavanya condominium has around 500 families.

  • HT Image

    GMDA to give Sector 65 status of model sector to resolve internal road issues

    The issue of constructing internal sector roads in sectors 58 to 115 has been a major challenge for the GMDA due to the non-availability of land and related issues. VK Saini, chief town planner, GMDA, said that their priority is to acquire patches of land in Sector 65, which will help complete the construction of internal sector roads, which has been stuck in a limbo due to land acquisition issues.

  • HT Image

    5 booked in Gurugram for duping a doctor of 52L on pretext of seat in PG course: Cops

    Five people were booked for allegedly duping a doctor of 52 lakh by promising him a seat in a post-graduate course under the management quota at a private medical college in West Bengal, said police on Thursday. Shubhanshu Vats (29), an MBBS degree holder and a resident of DLF 4, received a random message on WhatsApp on March 8 for admission to PG courses.

  • HT Image

    Will educate locals near Panchgaon Chowk on traffic rules, say Gurugram cops

    The Gurugram traffic police will hold a meeting with the people residing near Panchgaon Chowk on National Highway 48 (NH-48) — which is considered one of the most unsafe stretches in the city — next week to discuss and spread awareness on how to avoid road accidents, and also urge them to not drive on the wrong side, said the officials on Thursday.

  • HT Image

    Will take action against schools for violating transportation norms: Gurugram DC

    Deputy commissioner Nishant Kumar Yadav on Thursday said a school can face action if there are repeated complaints against them for violating transportation of students norms. Yadav was addressing a gathering of representatives of around 250 private schools in Gurugram in an awareness seminar held at DPS in Sector-45 on Thursday to give detailed knowledge of the safety policy to school authorities.

Story Saved
Saved Articles
My Reads
Sign out
New Delhi 0C
Friday, May 27, 2022