Pune Metro project seeking fund from the Union Budget

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.

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