PMC awaits funds from state to execute infra projects
ROADS & HIGHWAYS

PMC awaits funds from state to execute infra projects

The Pune Municipal Corporation (PMC), which has undertaken several infrastructure development projects in the city, has been waiting for state government assistance for months, despite assurances from deputy chief minister Devendra Fadnavis.

PMC has planned several flyovers, underpasses, and road projects worth over 2,000 crore in the city. Due to the high project and land acquisition costs, the civic body requested financial assistance from the state government.

Fadnavis, who is also the finance minister, promised state funding for several projects in January.

"PMC has asked state for financial help to execute various projects," said Fadnavis, who was in the city to inaugurate the flyover at Golf Club Chowk in Yerwada. The total cost of these projects is ₹2,000 crore. The state government will bear 60 per cent cost, while the civic body will have to contribute 40 per cent.”

Fadnavis also directed PMC to submit project details to the state government. PMC additional commissioner Vikas Dhakne confirmed that the civic body has submitted a proposal for the same.

"We have asked for financial assistance for 15 flyovers and underground projects, including land acquisition costs for Katraj-Kondhwa and Shivane Kharadi Road," said VG Kulkarni, head of PMC's road department. However, we have received no response from the state government."

Recently, Pune district guardian minister Chandrakant Patil assured the civic body of the required funds.

Also Read
Rs 50 billion to be raised via bonds after NLC’s board approval
Tangedco geared up to bid for coal mines in Kankili, Odisha

The Pune Municipal Corporation (PMC), which has undertaken several infrastructure development projects in the city, has been waiting for state government assistance for months, despite assurances from deputy chief minister Devendra Fadnavis. PMC has planned several flyovers, underpasses, and road projects worth over 2,000 crore in the city. Due to the high project and land acquisition costs, the civic body requested financial assistance from the state government. Fadnavis, who is also the finance minister, promised state funding for several projects in January. PMC has asked state for financial help to execute various projects, said Fadnavis, who was in the city to inaugurate the flyover at Golf Club Chowk in Yerwada. The total cost of these projects is ₹2,000 crore. The state government will bear 60 per cent cost, while the civic body will have to contribute 40 per cent.” Fadnavis also directed PMC to submit project details to the state government. PMC additional commissioner Vikas Dhakne confirmed that the civic body has submitted a proposal for the same. We have asked for financial assistance for 15 flyovers and underground projects, including land acquisition costs for Katraj-Kondhwa and Shivane Kharadi Road, said VG Kulkarni, head of PMC's road department. However, we have received no response from the state government. Recently, Pune district guardian minister Chandrakant Patil assured the civic body of the required funds. Also Read Rs 50 billion to be raised via bonds after NLC’s board approval Tangedco geared up to bid for coal mines in Kankili, Odisha

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000