+
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 Urban

IAF Concludes Capstone Seminar of WASP Programme

The Indian Air Force (IAF) has concluded the Capstone Seminar of the fourth edition of the Warfare and Aerospace Strategy Programme (WASP). Conceived to cultivate strategic thinking among future leaders, WASP prepares officers to make informed operational decisions by understanding the broader politico-military context and long-term outcomes.This edition included 12 officers – 10 from the IAF and two from the Indian Navy – who undertook intensive training combining military theory with political, technological, and behavioural analysis.The six-month course featured analytical reading, writ..

Next Story
Infrastructure Urban

Vedanta Aluminium Expands Alloy Capacity in Jharsuguda

Vedanta Aluminium, India’s largest aluminium producer, has announced a significant expansion at its Special Economic Zone facility in Jharsuguda. The company has increased the installed capacity of its Primary Foundry Alloy (PFA) unit by 120 kilo tonnes per annum. This move reinforces India’s standing as a global supplier of advanced aluminium products for automotive and engineering industries. Vedanta Aluminium was the first Indian company to produce and supply PFAs domestically.PFAs are essential for manufacturing automotive parts such as alloy wheels, engine blocks, cylinder heads, and ..

Next Story
Infrastructure Urban

Zoomlion Deepens Local Ties Through Community Outreach

Zoomlion Heavy Industry Science & Technology Co., Ltd. has reinforced its commitment to localisation with a meaningful community initiative that goes beyond business operations. Zoomlion Philippines recently organised a volunteer visit to the Rehoboth Sampaloc Orphanage in Tanay, Rizal, where employees delivered supplies and spent quality time with 27 children. The initiative highlights the company’s broader mission to grow with communities, support its workforce, and build enduring trust.Led by General Manager Xu Jian, the team provided infant formula, diapers, food packs, toys, and oth..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?