Hey there, folks! Big news coming your way regarding the Pune-Satara highway project. Public Works Minister Ravindra Chavan has officially stated that there will be no more extensions for toll collection on this busy stretch of road.
Let’s break it down for you: The project was handed over to Reliance Infrastructure back in 2010, and they were supposed to wrap things up by 2023. However, due to various delays, the completion date kept getting pushed back, resulting in a total of six extensions. Minister Chavan pointed out that most of the work is done, with just a tiny 2.64 km left to finish.
Now, when it comes to the financials, the company has raked in a whopping ₹3114.02 crore in toll fees by September 2023. Initially estimated to cost ₹1724.55 crore, this six-lane project has been a major undertaking.
But here’s the kicker – no more extensions for toll collection. The company will have to wrap up construction without any more leeway on toll collection privileges. This decision was made crystal clear during a recent legislative session when the question was raised.
And if you’re wondering about toll rates, well, they’ve remained unchanged on the Mumbai-Bengaluru highway (aka Pune-Satara) since April 1, 2023. However, toll rates on other highways like the Pune-Mumbai Expressway have seen an increase. These decisions are all based on government notifications dating back to the early 2000s.
So, there you have it – the latest on the Pune-Satara highway project straight from the Minister himself. Stay tuned for more updates on this important infrastructure development!
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