PMC awaits funds from state to execute infra projects
ROADS & HIGHWAYS

PMC awaits funds from state to execute infra projects

The Pune Municipal Corporation (PMC), which has undertaken several infrastructure development projects in the city, has been waiting for state government assistance for months, despite assurances from deputy chief minister Devendra Fadnavis.

PMC has planned several flyovers, underpasses, and road projects worth over 2,000 crore in the city. Due to the high project and land acquisition costs, the civic body requested financial assistance from the state government.

Fadnavis, who is also the finance minister, promised state funding for several projects in January.

"PMC has asked state for financial help to execute various projects," said Fadnavis, who was in the city to inaugurate the flyover at Golf Club Chowk in Yerwada. The total cost of these projects is ₹2,000 crore. The state government will bear 60 per cent cost, while the civic body will have to contribute 40 per cent.”

Fadnavis also directed PMC to submit project details to the state government. PMC additional commissioner Vikas Dhakne confirmed that the civic body has submitted a proposal for the same.

"We have asked for financial assistance for 15 flyovers and underground projects, including land acquisition costs for Katraj-Kondhwa and Shivane Kharadi Road," said VG Kulkarni, head of PMC's road department. However, we have received no response from the state government."

Recently, Pune district guardian minister Chandrakant Patil assured the civic body of the required funds.

Also Read
Rs 50 billion to be raised via bonds after NLC’s board approval
Tangedco geared up to bid for coal mines in Kankili, Odisha

The Pune Municipal Corporation (PMC), which has undertaken several infrastructure development projects in the city, has been waiting for state government assistance for months, despite assurances from deputy chief minister Devendra Fadnavis. PMC has planned several flyovers, underpasses, and road projects worth over 2,000 crore in the city. Due to the high project and land acquisition costs, the civic body requested financial assistance from the state government. Fadnavis, who is also the finance minister, promised state funding for several projects in January. PMC has asked state for financial help to execute various projects, said Fadnavis, who was in the city to inaugurate the flyover at Golf Club Chowk in Yerwada. The total cost of these projects is ₹2,000 crore. The state government will bear 60 per cent cost, while the civic body will have to contribute 40 per cent.” Fadnavis also directed PMC to submit project details to the state government. PMC additional commissioner Vikas Dhakne confirmed that the civic body has submitted a proposal for the same. We have asked for financial assistance for 15 flyovers and underground projects, including land acquisition costs for Katraj-Kondhwa and Shivane Kharadi Road, said VG Kulkarni, head of PMC's road department. However, we have received no response from the state government. Recently, Pune district guardian minister Chandrakant Patil assured the civic body of the required funds. Also Read Rs 50 billion to be raised via bonds after NLC’s board approval Tangedco geared up to bid for coal mines in Kankili, Odisha

Next Story
Infrastructure Energy

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Next Story
Real Estate

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world..

Next Story
Real Estate

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App