Funding for the expansion of the Pune Metro gets approved
RAILWAYS & METRO RAIL

Funding for the expansion of the Pune Metro gets approved

The European Investment Bank (EIB) has given Maharashtra Metro Rail Corporation (Maha Metro) an in-principle approval for funding the extension of the Pune Metro project. The EIB had showed interest in funding the two expansion projects and would be providing roughly 60% of the project cost. An estimated Rs 45.11 billion will be needed to complete the Pune Metro Phase I project's extension.

The governments of India and Maharashtra share ownership of the corporation Maha Metro 50:50. 10% of the project's finance will come from the federal government, 15% from the state, and the other 60% from the civic organisations in Pune and Pimpri Chinchwad.

While the PCMC-Nigdi extension line will cost Rs 9.11 billion, the 5.464-km Swargate-Katraj line will cost Rs 36 bn. The Maharashtra state government has authorised the comprehensive project report for the 9.77-km extension of Phase 1 of the Pune Metro, and the Centre is still required to give final clearance.

The first phase of the 33.2 km long, Rs 114.2 bn Pune Metro was partially funded by loans of Rs 58 bn from the EIB and France's AFD (Agence Française de Développement).

Also read:
Pune Metro Line 3 to be operational by March 2025
Kochi Metro Rail to prepare DPR for Light Metro projects

The European Investment Bank (EIB) has given Maharashtra Metro Rail Corporation (Maha Metro) an in-principle approval for funding the extension of the Pune Metro project. The EIB had showed interest in funding the two expansion projects and would be providing roughly 60% of the project cost. An estimated Rs 45.11 billion will be needed to complete the Pune Metro Phase I project's extension. The governments of India and Maharashtra share ownership of the corporation Maha Metro 50:50. 10% of the project's finance will come from the federal government, 15% from the state, and the other 60% from the civic organisations in Pune and Pimpri Chinchwad. While the PCMC-Nigdi extension line will cost Rs 9.11 billion, the 5.464-km Swargate-Katraj line will cost Rs 36 bn. The Maharashtra state government has authorised the comprehensive project report for the 9.77-km extension of Phase 1 of the Pune Metro, and the Centre is still required to give final clearance. The first phase of the 33.2 km long, Rs 114.2 bn Pune Metro was partially funded by loans of Rs 58 bn from the EIB and France's AFD (Agence Française de Développement). Also read: Pune Metro Line 3 to be operational by March 2025 Kochi Metro Rail to prepare DPR for Light Metro projects

Next Story
Products

unWOOD transforms plastic waste into durable wood alternative

unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood—without the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. “Any application that introduces plastics into areas where it cannot be..

Next Story
Real Estate

Häfele launches Matrix undermount runners range

Häfele has introduced its new Matrix range of undermount runners, designed to enhance drawer motion across kitchens, wardrobes, bathroom units, and more.Available in four weight capacities and a wide range of lengths, the Matrix undermount runners support diverse drawer designs. The 40 kg and 60 kg variants feature synchronised technology for superior motion and drawer stability. All runners come with an integrated soft-close mechanism to ensure smooth and noiseless operation.This in-house range is ideal for kitchen cabinets, bed storage units, living room furniture and bathroom drawers, offe..

Next Story
Real Estate

India's first AI-integrated campus announced in Noida

Yashoda Hospital and Bhutani Infra have announced plans to develop India’s first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel—all operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?