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News Entry# 287158
Nov 30 2016 (06:23)  Union finance ministry clears metro rail project in Pune: MP Shirole (
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Commentary/Human InterestPMRC/Pune Metro  -  

News Entry# 287158     
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Posted by: rdb*^  133024 news posts
PUNE: The Union finance minister has given the go ahead to the Pune metro rail project. "The proposal has been submitted to the Unionurban development ministry. The proposal will now be sent to Union cabinet, which will give the final approval to the project," said Anil Shirole,member of Parliament (MP), in a press statement issued on Monday.
Earlier in August, the Pune Municipal Corporation had obtained a clearance from the railways for the project. The revised estimate announced by the Delhi Metro Rail Corporation in June 2015, is pegged at Rs 11,522 crore, a hike of Rs 653 crore from the 2014 estimate.
government, had in June 2015, given the green signal to the changes in the metro route. The alignment of the route was shifted from JM Road to alongside Mutha river. A group of prominent personalities, however, has opposed this as a part of the route will pass through the river bed. They have filed environmental interest litigation in the National Green Tribunal against the plan.
The city's metro rail project received the much needed boost with the World Bank and the Asian Infrastructure Investment Bank approving a loan of Rs 6,325 crore for the project.
The PMC in its civic budget for financial year 2016-17 has made provision of Rs 67 crore for the metro rail project in Pune.
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