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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Hexalog Appoints Vishal Shukla as Chief Transformation Officer

Hexalog, a cross-border supply chain and logistics company, has appointed Vishal Shukla as Chief Transformation Officer (CTO) to lead its operational transformation, technology adoption and expansion into new international markets.In his new role, Shukla will oversee the company's transformation strategy across operations, technology, product development and business expansion. His responsibilities include standardising processes, developing scalable operating models, strengthening existing trade corridors and introducing new fulfilment solutions for cross-border businesses.Shukla brings nearl..

Next Story
Real Estate

Dhuleva Group Awards 80-Storey Tower Contract to Eversendai

Dhuleva Group has awarded the core and shell structural construction contract for Dhuleva One50, an upcoming 80-storey ultra-luxury residential tower in South Mumbai, to Malaysia-based engineering and construction company Eversendai.Located near the Babulnath district, the development is planned as a high-rise residential landmark offering panoramic views of the Arabian Sea and Mumbai's skyline. The project will combine contemporary architecture with advanced engineering and premium residential facilities.Eversendai will undertake the structural construction works, drawing on its experience in..

Next Story
Building Material

Nuvoco Marks 10 Years, Targets 35 MMTPA Capacity by FY28

Nuvoco Vistas Corporation Limited is celebrating a decade of operations under the theme ‘Dus Saal Bemisaal’, highlighting its expansion in India's building materials sector. The company has grown from a single cement manufacturing facility into a diversified organisation operating across cement, ready-mix concrete (RMC) and modern building materials.The company's journey began in 2014 when its parent, Nirma Group, commissioned a 2 million metric tonnes per annum (MMTPA) greenfield cement plant at Nimbol, Rajasthan. A major milestone followed in October 2016 with the acquisition of Lafarge ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code