Pune Metropolitan Regional Development Authority (PMRDA), which is executing the Hinjewadi-Shivajinagar line, said it was expecting formal allocation of the Centre’s 20% share (Rs1,224 crore).
“The project needs to be implemented in three years. The state government has allocated land for monetization, while the Centre’s ‘assured’ share is awaited,” a senior PMRDA official said.
The PMRDA said it was also waiting for funds for the 123 km ring road, to be executed under the Bharatmala project.
MahaMetro, which is developing the Vanaz-Ramwadi and Pimpri-Swargate corridors, said the project was well funded for the moment. “Through 2021-22, we expect Rs2,000 crore for the project from various sources,” MahaMetro chief Brijesh Dixit said.
State BJP chief Chandrakant Patil said, “Funds will be needed for future expansions to Pune Metro. The central government will take a call on this when the time comes.”
Sitharaman on Monday announced Rs2,092 crore for the Metro Neo project in Nashik, and Rs5,976 crore for the second phase of the Nagpur Metro project.