The Maharashtra government has approved the release of ₹100 crore as state equity for the Pune and Nagpur metro rail projects, giving a boost to key urban transport initiatives in the state.
According to a government order issued on December 24, the funds will be provided to the Maharashtra Metro Rail Corporation Limited (MahaMetro) as part of the state’s equity contribution for both projects.
Out of the total amount, ₹40 crore has been sanctioned for the Pune Metro’s Swargate–Katraj corridor (Corridor 2A). This fully underground stretch has a total project cost of ₹2,954.75 crore. The state’s total equity commitment for this corridor stands at ₹397.83 crore, and with the latest release, the state has provided ₹100 crore for the project this year. The corridor is expected to improve connectivity and ease traffic congestion in Pune.
For Nagpur Metro Stage-2, the state has released ₹60 crore as equity for the current year. The total state equity requirement for this phase is ₹998.20 crore. With this allocation, the cumulative state funding for the project has reached ₹577 crore. Nagpur Metro Stage-2 is being implemented by MahaMetro under a coordination agreement signed in September 2023 involving the Centre, the state government and MahaMetro.
Officials said the fresh equity support will help maintain construction pace and ensure timely progress of both metro projects, which are crucial for improving urban mobility in Pune and Nagpur.
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