The proposed 5.5km underground Metro extension from Swargate to Katraj, will cost Rs 4,203 crore.
This was revealed in the detailed project report (DPR) for the route extension, a presentation of which was made by Maharashtra Metro Rail Corporation (MahaMetro) officials at the Pune Municipal Corporation yesterday (Wednesday, 15th January).
The DPR has suggested various options for the route extension, including completely underground and combination of elevated and underground. “The most effective option appears to be completely underground. The details of underground alignment have been presented accordingly,” a senior MahaMetro official said.
The proposed locations of the three stations are Gultekdi Market Yard, Saibabanagar and Katraj. The route would have a daily ridership of 6.68 lakh by 2027, which would go up to 10.72 lakh in 2057, he said.
The study of Swargate-Katraj metro extension was under way for the last couple of years. The DPR has also suggested formation of a special purpose vehicle for the execution of the route extension.
According to the presentation, the PMC is contemplating to use municipal land for revenue generation. Additionally, there is a monetary grant from PMC generated by granting a 50-year capital lease on civic-owned land. The debt is estimated at 55% of total cost at Rs 2,381 crore. The contribution of the state government, PMC and Union government (equity) has been estimated at 27%, Rs 596 crore each.
“The DPR will now be sent to the standing committee and general body of the PMC for approval, before sending it for the final nod of the state government,” Pune City Mayor Murlidhar Mohol said.