For Metro Lines 4 (Civil to Loni Kalbhor) and 5 (Kharadi-Khadakwasla), the Pune Metropolitan Region Development Authority (PMRDA) intends to appoint a Transition Advisor (TA) in order to determine whether it is financially feasible to develop the shared section of the metro system in cooperation with the Maharashtra Metro Rail Corporation (Maha-Metro). The Delhi Metro Rail Corporation (DMRC) provided the PMRDA with the Detailed Project Report (DPR) for Pune Metro Line 4 (Shivajinagar to Loni Kalbhor with a spur to Saswad and Swargate), while Maha-Metro is in charge of the DPR for Pune Metro Line 5 (Khadakwasla to Kharadi).
A crucial link between the two metro lines, connecting Swargate to Hadapsar and Kharadi to Khadakwasla, is provided by the shared section between Swargate, Pulgate, and Hadapsar (Magarpatta). The state government has charged the 20-member Pune Unified Metropolitan Transport Authority (PUMTA), presided over by the Pune Divisional Commissioner, with presenting proposals to improve the current public transport system.
A crucial link between the two metro lines, connecting Swargate to Hadapsar and Kharadi to Khadakwasla, is provided by the shared section between Swargate, Pulgate, and Hadapsar (Magarpatta).
Rinaj Pathan, Superintendent Engineer at PMRDA Metro, stated, “PUMTA directed PMRDA to hire a Transaction Advisor (TA) to assess the metro lines for PPP (Public-Private Partnerships) or EPC. i.e., Engineering, Procurement, and Construction taking into account financial viability, government risk, and citizen convenience like fare structure, interchange facilities, etc. This is being done in order to develop the shared stretch. As a result, we have published an RFP for the projected metro lines 4 and 5 using a PPP model and will present our findings to PUMTA.”
Estimating revenues from real estate and other sources, reviewing project costs and their effects on government resources, developing a revenue model, drafting the concession agreement, performing financial analyses, and producing tender documents are additional duties for the transaction advisor. Our DPRs for the Kharadi to Khadakwasla and Swargate to Hadapsar lines have been received by the Pune Municipal Corporation (PMC), according to Atul Gadgil, Director (Work) of Maha-Metro. Additionally, PMRDA has created a DPR for the routes from Kharadi to Khadakwasla and from the Civil Court to Loni Kalbhor.”
DPRs for the Kharadi to Khadakwasla and Swargate to Hadapsar lines have been received by the Pune Municipal Corporation (PMC).
He continued, “The governments of Maharashtra and India jointly control Maha-Metro, and PMRDA is building the metro network using a public-private partnership model. As a result, before making a choice, the common metro stretch’s financial viability is carefully assessed.” Maha-Metro, a joint venture between the governments of Maharashtra and India, was established in 2016. The PPP contract for the 23.203-km Pune Metro Line 3 project has already been granted by PMRDA.
The DPR for Phase 2, which includes the 6.118-km Paudphata-Warja-Manikbaug route and the 25.862-km Khadakwasla-Swargate-Hadapsar-Kharadi metro rail link, is reportedly estimated to cost Rs. 90.74 billion, with Rs. 18.95 billion coming from loans and contributions from the federal government and the state. Also estimated to cost Rs. 36.09 billion are the 1.112 km Vanaz to Chandni Chowk route and the 11.633 km Ramwadi to Wagholi line.
