The union finance ministry has allocated Rs 126.58 crore for the Pune metro rail project in the 2015-16 budget.
A provision of Rs 30.32 crore for Pune has been made under the head of metro projects. Another Rs 70.38 crore and Rs 25.88 crore have been sanctioned under the heads of investment in public enterprise and assistance for externally-aided projects, respectively.
The much delayed Pune metro got its first provision of Rs 10.01 crore in the 2013-14 budget. In February last year, the UPA government accorded in-principle approval for the elevated metro plan which includes two corridors - Pimpri-Chinchwad to Swargate, and Vanaz to Ramwadi - covering a total distance of 31.51 km. The Pune Municipal Corporation (PMC), in its 2015-16 draft budget, has proposed Rs 25 crore for the project.
The collective cost of the various infrastructure projects that need to be undertaken in Pune is estimated at Rs 25,806 crore over the next 20 years.
More project Info:
Metro Rail (Pune) Project