The Pune Ring Road project is finally gaining momentum, but not without a significant increase in its budget. Originally estimated at Rs 20,000 crore, the project’s cost has more than doubled to Rs 42,000 crore. This surge in expenses can be attributed to updated technology, rising material costs, extended project scope, and contingency provisions.
The project consists of an inner and outer ring road, with the Inner Ring Road managed by the Pune Metropolitan Region Development Authority (PMRDA) and the Outer Ring Road overseen by the Maharashtra State Road Development Corporation (MSRDC). The project is divided into four phases, each focusing on different segments of the road network to ensure efficient execution and management.
Funding for the project was carefully reviewed by the Veermata Jijabai Technological Institute (VJTI) and certified by a panel led by Chief Engineer Gaikwad. The Pune Metropolitan Region Development Authority has allocated funds in its 2024-25 budget to kickstart the inner ring road’s land acquisition and tender processes.
Despite facing challenges such as land acquisition delays, rising material costs, environmental concerns, and community opposition, the project is moving forward with strategic mitigation strategies in place. The completion of the Pune Ring Road is expected to bring numerous benefits to the city, including reduced traffic congestion, improved connectivity, economic growth, enhanced safety, and a positive environmental impact.
With land acquisition and tendering processes already underway, the Pune Ring Road project is on track to transform the city’s infrastructure landscape and provide a better commuting experience for residents and commuters.
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