Pune civic body estimates Rs 150 cr cost for concrete roads, bridges
ECONOMY & POLICY

Pune civic body estimates Rs 150 cr cost for concrete roads, bridges

The Pune Municipal Corporation (PMC) has estimated a value of Rs 150 crore for eight cement concrete (CC) roads and one riverside bridge under the Public-Private Partnership (PPP) mode.

It is one of the most discussed development projects in budget 2021-22 on the Covid-19 crisis of the PCM. Because of the Covid-19 pandemic, PMC is facing a financial issue for development work. To ease the financial burden, PMC's commissioner, Vikram Kumar, introduced a development model to get help from the private players.

In the 2021-22 budget, Kumar reintroduced the concept and declared to develop 11 roads and two bridges within three years. After the standing committee budget, another eight roads were added to the PPP development concept.

Under the PPP model, private bodies such as contractors, builders and developers will spend money, and PMC will give credit notes which private bodies can use in building construction activities like; to pay the development cost, premium charges, and also transfer credit to developers.

The PMC has estimated the development cost of eight roads and one riverside bridge. The estimate committee has approved the estimated cost of Rs 150 crore. It contains eight CC roads in the Kharadi area and Bundgarden (Koregaon Park) to Mundhwa parallel to the right bank of the Mula-Mutha river and the Northern main road of Koregaon.

The executive engineer of the road department, Amar Shinde, told the media that after getting approval from the estimate committee, the road department would invite a bid to know how builders and developers respond to work. He also said that the estimated cost of the eight CC roads is Rs 123 crore, and the road department has calculated an estimate of Rs 27 crore for the bridge.

Image Source


Also read: Pune Municipal Corporation joins 23 merged villages with ward offices

Also read: Pune is now a city with the largest geographical area in India

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Pune Municipal Corporation (PMC) has estimated a value of Rs 150 crore for eight cement concrete (CC) roads and one riverside bridge under the Public-Private Partnership (PPP) mode. It is one of the most discussed development projects in budget 2021-22 on the Covid-19 crisis of the PCM. Because of the Covid-19 pandemic, PMC is facing a financial issue for development work. To ease the financial burden, PMC's commissioner, Vikram Kumar, introduced a development model to get help from the private players. In the 2021-22 budget, Kumar reintroduced the concept and declared to develop 11 roads and two bridges within three years. After the standing committee budget, another eight roads were added to the PPP development concept. Under the PPP model, private bodies such as contractors, builders and developers will spend money, and PMC will give credit notes which private bodies can use in building construction activities like; to pay the development cost, premium charges, and also transfer credit to developers. The PMC has estimated the development cost of eight roads and one riverside bridge. The estimate committee has approved the estimated cost of Rs 150 crore. It contains eight CC roads in the Kharadi area and Bundgarden (Koregaon Park) to Mundhwa parallel to the right bank of the Mula-Mutha river and the Northern main road of Koregaon. The executive engineer of the road department, Amar Shinde, told the media that after getting approval from the estimate committee, the road department would invite a bid to know how builders and developers respond to work. He also said that the estimated cost of the eight CC roads is Rs 123 crore, and the road department has calculated an estimate of Rs 27 crore for the bridge. Image Source Also read: Pune Municipal Corporation joins 23 merged villages with ward offices Also read: Pune is now a city with the largest geographical area in India

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement