Maharashtra cabinet approves cost hike for Pune ring road project

07 Oct 2024 CW Team

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)

"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 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)

Infrastructure Urban

06 Jul 2026

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..

Infrastructure Transport

06 Jul 2026

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..

Infrastructure Transport

06 Jul 2026

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..