The Maharashtra cabinet has approved a significant cost escalation for the Pune ring road project, increasing the total estimated cost to a whopping Rs 427.11 billion. This decision was made before the construction of the project has even begun, highlighting the scale of the undertaking.
The Pune Ring Road (East) segment will stretch from Urse on the Mumbai-Pune Expressway to Solu via the Alandi-Markal road, extending further to Sortapwadi along the Pune-Solapur road. Originally planned to cover 68.19 km at a cost of Rs 101.59 billion, the project’s length has been revised to 72.335 km, with a new estimated cost of Rs 199.32 billion.
On the other hand, the Pune Ring Road (West) section will connect Urse on the Mumbai-Pune Expressway to Varve Budruk on the Satara road. The initial budget for this segment was Rs 121.76 billion, which has now escalated to Rs 227.78 billion.
Anilkumar Gaikwad, Vice-President and Managing Director of the Maharashtra State Road Development Corporation (MSRDC), explained that the cost increase is due to various factors such as the adoption of advanced construction technologies, revisions to project specifications, inflation in material costs, adjustments in the Engineering, Procurement, and Construction (EPC) model, and expenses related to land acquisition and temporary road construction.
The revised budget aims to ensure that the Pune ring road project meets the modern infrastructure needs and urban planning requirements of Pune’s expanding metropolitan area. This decision by the Maharashtra cabinet demonstrates a commitment to improving the region’s infrastructure while acknowledging the financial challenges of contemporary construction projects.
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