Pune-Nashik Semi High-Speed Railway project facing delays

Despite having received in-principle approval from the Maharashtra state government and after clearing several approval hurdles, the Pune-Nashik Semi High-Speed Railway project has slowed down, raising concerns among locals. The railway route was approved following a February meeting with Deputy Chief Minister Devendra Fadnavis and Railway Minister Ashwini Vaishnaw; the final permission is anticipated following the submission of its report to the Ministry of Railways. The Maharail company filed proposals to various banks for the acquisition of 60 per cent of the funds in the form of loans after consulting with the GMRT project at Khodad. Due to the lack of a government decision, the banks are not moving the file. The railway project, which will pass through 54 villages in the Haveli, Khed, Ambegaon, and Junnar talukas of the Pune district, will require an investment of 478 hectares of land and be estimated to cost Rs 35 billion. Because there have been no updates on the status of the project, residents are still concerned about the potential traffic congestion on city highways that could be avoided with the completion of the Pune-Nashik Semi-High-Speed Railway. Also Read Ghaziabad Priority Section soon to commence operationsDRA Infracon-led JV emerges as lowest bidder for Chennai Metro Phase 2