Hey Pune peeps, have you heard the latest updates on the Pune Ring Road project? The Pune Metropolitan Region Development Authority (PMRDA) has announced some major changes that you need to know about. Let’s break it down for you in a nutshell:
1. Budget Blues: The project budget has soared to over ₹42,000 crore due to revised plans and escalating costs. The Maharashtra cabinet recently approved an additional ₹20,375.21 crore for the project, bringing the total estimated cost to ₹42,711.03 crore.
2. Key Segments: The project is divided into eastern and western segments, with costs rising significantly for both. The eastern segment now stretches from Urse to Sortapwadi, while the western segment extends from Urse to Varve Budruk.
3. PMRDA Funding: The PMRDA is all set to propel progress by earmarking funds in its 2024-25 budget for the inner ring road development. This includes land acquisition and tendering processes for the first two phases.
4. Reasons Behind Cost Escalation: Factors like updated technology, rising material prices, and contractor responsibilities have contributed to the project’s increased costs. The Maharashtra cabinet has commissioned a review to validate the updated project costs.
5. Project Phases: The Pune Ring Road will cover a total of 128.08 km, divided into four phases. Each phase has different authorities responsible for its construction.
As the project moves forward, stakeholders are optimistic that the enhanced budget allocation and strategic planning will help overcome challenges and make Pune’s traffic situation a whole lot better. Let’s hope for a smoother ride ahead!
Thanks For Reading Report of Punepress.com