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Centre hikes budgetary allocation for Pune Metro to ₹1,322 crore
The central government has substantially hiked budgetary allocation for the Metro projects in Pune. An amount of ₹1,322 crore has been allocated for the Pune Metro Project, said statement by Maha-Metro Corporation, which is responsible for executing the project.
The central government has substantially hiked budgetary allocation for the Metro projects in Pune. An amount of ₹1,322 crore has been allocated for the Pune Metro Project, said statement by Maha-Metro Corporation, which is responsible for executing the project.The total budgetary allocation for the Pune and Nagpur Metro projects of the state stands at ₹2,829 crore as compared to ₹1,850 crore allocated during the FY 2017-18, which is an increased allocation by ₹979 crore, said Maha-Matro.
On the lines of central government, state government has allocated ₹110 crore for financial year 2017-18.
Of the ₹1,322 crore allocated by the government of India for Pune project, equity is ₹250 crore, subordinate debt (SD) towards central taxes is Rs169 crore and PTA (Pass Through Assistance) against Overseas Development Assistance (ODA) loan is ₹903 crore. The fund allocated for the FY 2017-18 was ₹500 crore. Thus budgetary allocation for Pune project during the FY 2018-19 is higher by ₹822 crore as compared to FY 2017-18 from Central government.
Maharashtra Metro Rail is a 50:50 Indian and Maharashtra government joint venture executing the Rs11,420 crore Pune Metro project. Maha-Metro is building 31.2-km Metro rail network in Pune which will have two corridors and have 31 stations in all.The project will cover a distance of 31.254 km, which includes the Pimpri-Chinchwad to Swargate corridor covering (16.6-km) and the Vanaz to Ramwadi corridor (14.7 km).
Pune The central government has substantially hiked budgetary allocation for the Metro projects in Pune. An amount of ₹1,322 crore has been allocated for the Pune Metro Project, said statement by Maha-Metro Corporation, which is responsible for executing the project.The total budgetary allocation for the Pune and Nagpur Metro projects of the state stands at ₹2,829 crore as compared to ₹1,850 crore allocated during the FY 2017-18, which is an increased allocation by ₹979 crore, said Maha-Matro.
On the lines of central government, state government has allocated ₹110 crore for financial year 2017-18.
Of the ₹1,322 crore allocated by the government of India for Pune project, equity is ₹250 crore, subordinate debt (SD) towards central taxes is Rs169 crore and PTA (Pass Through Assistance) against Overseas Development Assistance (ODA) loan is ₹903 crore. The fund allocated for the FY 2017-18 was ₹500 crore. Thus budgetary allocation for Pune project during the FY 2018-19 is higher by ₹822 crore as compared to FY 2017-18 from Central government.
Maharashtra Metro Rail is a 50:50 Indian and Maharashtra government joint venture executing the Rs11,420 crore Pune Metro project. Maha-Metro is building 31.2-km Metro rail network in Pune which will have two corridors and have 31 stations in all.The project will cover a distance of 31.254 km, which includes the Pimpri-Chinchwad to Swargate corridor covering (16.6-km) and the Vanaz to Ramwadi corridor (14.7 km).
