News

Pune Metro project seeking fund from the Union Budget

Views: 540

metro-puneDue to the continuous growing population and increase in vehicles accordingly, Pune’s traffic is becoming a problem for the dwellers who are now eagerly expecting funds for Pune Metro Rail project to be announced in the Budget by the Union Finance Minister Arun Jaitley.

The project which was earlier proposed a cost of Rs 7,984 crore in 2009 is now been revised and shot up to Rs 11,522 crore.

After being included in the list of first 20 “Smart Cities,” the Pune Municipal Corporation (PMC) is expecting an important share in Central infrastructure funds.

Last year, Pune had got Rs 126.58 crore in the year’s budget and a sum of Rs 174 crore in March will ensure the starting of the Pune Metro project.

According to PMC, as per the population, the city will be needing Rs 3,500 crores over a 10-year period to meet infrastructure target by 2027.

Last year, Mr Jaitley had provided Rs 30.32 crore to Pune under ‘Metro Projects’. Later, the Pune Metro received another Rs 70.38 crore and Rs 25.88 crore under ‘investment in public enterprise’ and ‘assistant for externally aided projects’ respectively.

Most Popular

.

About Us

Smart city portal was started with an aim to provide latest news information about the smart city mission of the Government of India. Founded in 2015, the portal enjoys the distinction of being India's first integrated website on smart cities of India. The website features stories on the economic growth of Indian cities where the government is trying to improve the quality of life of people by enabling local development and harnessing technology as a means to create smart outcomes for citizens.

Contact Us

Elets Technomedia Pvt. Ltd. Stellar IT Park, 7A/7B, 5th floor, Annexe Building, C-25, Sector 62 Noida – 201309, Uttar Pradesh, India

To Top