Maharashtra cabinet approves cost hike for Pune ring road project
ROADS & HIGHWAYS

Maharashtra cabinet approves cost hike for Pune ring road project

The Maharashtra cabinet has approved a substantial cost escalation of Rs 203.75 billion for the Pune ring road project, bringing the total project cost to Rs 427.11 billion. This increase comes despite the project being in its early stages, with construction yet to begin.

Project details: The Pune Ring Road (East) will span from Urse, located on the Mumbai-Pune Expressway, to Solu along the Alandi-Markal road, and further extend from Solu to Sortapwadi on the Pune-Solapur road. Initially estimated at 68.19 km in length and pegged at Rs 101.59 billion in September 2021, the project has now been revised to a 72.335 km stretch, leading to a new estimated cost of Rs 199.32 billion.

The Pune Ring Road (West) segment will link Urse on the Mumbai-Pune Expressway to Varve Budruk on the Satara road. This segment, originally set at Rs 121.76 billion, has seen its cost surge to Rs 227.78 billion.

Reasons for cost escalation: Anilkumar Gaikwad, Vice-President and Managing Director of the Maharashtra State Road Development Corporation (MSRDC), explained that the cost hike is due to the adoption of advanced technologies and revisions to project specifications. He pointed out that the initial estimates were based on 2017-18 prices, but the tendering process factored in current rates, reflecting increased material costs.

The project will follow an Engineering, Procurement, and Construction (EPC) model, which may result in adjustments to the base levels and overall length. Additionally, expenses related to land acquisition for minor minerals and the construction of temporary approach roads have also contributed to the cost increase, with these aspects falling under the contractor’s responsibility.

The revised cost structure aims to address the complexities of modern infrastructure requirements, ensuring that the project aligns with future urban planning needs for Pune’s growing metropolitan area. (Financial Express)

The Maharashtra cabinet has approved a substantial cost escalation of Rs 203.75 billion for the Pune ring road project, bringing the total project cost to Rs 427.11 billion. This increase comes despite the project being in its early stages, with construction yet to begin. Project details: The Pune Ring Road (East) will span from Urse, located on the Mumbai-Pune Expressway, to Solu along the Alandi-Markal road, and further extend from Solu to Sortapwadi on the Pune-Solapur road. Initially estimated at 68.19 km in length and pegged at Rs 101.59 billion in September 2021, the project has now been revised to a 72.335 km stretch, leading to a new estimated cost of Rs 199.32 billion. The Pune Ring Road (West) segment will link Urse on the Mumbai-Pune Expressway to Varve Budruk on the Satara road. This segment, originally set at Rs 121.76 billion, has seen its cost surge to Rs 227.78 billion. Reasons for cost escalation: Anilkumar Gaikwad, Vice-President and Managing Director of the Maharashtra State Road Development Corporation (MSRDC), explained that the cost hike is due to the adoption of advanced technologies and revisions to project specifications. He pointed out that the initial estimates were based on 2017-18 prices, but the tendering process factored in current rates, reflecting increased material costs. The project will follow an Engineering, Procurement, and Construction (EPC) model, which may result in adjustments to the base levels and overall length. Additionally, expenses related to land acquisition for minor minerals and the construction of temporary approach roads have also contributed to the cost increase, with these aspects falling under the contractor’s responsibility. The revised cost structure aims to address the complexities of modern infrastructure requirements, ensuring that the project aligns with future urban planning needs for Pune’s growing metropolitan area. (Financial Express)

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Next Story
Infrastructure Transport

Saarstahl Rail to Supply Tracks for Bengaluru Suburban Rail Project

Rail Infrastructure Development Company Karnataka Limited (K-RIDE) has identified Saarstahl Rail as the lowest bidder for the track supply contract in the Bangalore Suburban Railway Project. The selected contractor will be responsible for supplying 60E1 (UIC 60), 1080 HH Grade rails in accordance with IRS-T-12-2009 standards (including all amendments and correction slips) for two specific sections: Corridor 2, from Baiyappanahalli to Chikkabanavara, and Corridor 4, between Heelalige and Rajankunte.The tender for this supply contract, which includes a completion deadline of 365 days, was issued..

Next Story
Infrastructure Transport

Railways Unveils Major Reforms to Improve Train Controller System

In a major initiative to enhance railway safety and efficiency, the Ministry of Railways has introduced a series of reforms aimed at improving the functioning and working conditions of train controllers. The measures focus on strengthening domain expertise, ensuring performance accountability, and addressing the high-stress nature of the job.Under the new guidelines, train controllers will be required to serve a minimum of three years in the control office to build sufficient operational knowledge. Only experienced and high-performing traffic inspectors and station masters with strong service ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?