Pune Metropolitan Regional Development Authority (PMRDA) is gearing up for performance as Chief Minister Devendra Fadnavis approved the 129 km Pune ring road project worth Rs 17,412 crore. The project received approval in a recent meeting held at the official residence of the Chief Minister.
The proposed project will be completed within the next seven years and in two phases. The meeting also decided upon four floor space indices on both sides of the project.
Phase-I will have four lanes with two lanes for to-and-fro traffic. Construction of a 3.75 km long tunnel, six bridges and internal roads for townships has also been planned. Phase-II will involve an eight lane road with four lanes each for to-and-fro traffic coupled with cycle tracks and footpaths on both sides. This phase will also include construction of three railway flyovers, eight flyovers and internal roads for townships.
The project will reportedly require 1,430 hectare as well as land from 58 villages. The approval will enable the PMRDA to arrange for 5,000 hectare, which will allow for construction of 2 lakh houses in the PMRDA region.