Pune: The PMRDA (Pune Metropolitan Region Development Authority) will acquire 70 acres of land at estimate cost of Rs 100 crore to build the carshed of the proposed Hinjewadi-Shivajinagar Metro stretch.
PMRDA will acquire 50 acres of land in Mann & 20 acres of land in Balewadi.
They would speed up the acquisition process & has the funds for it, PMRDA chief Kiran Gitte said.
Gitte said,”We estimate the land acquisition cost will be around Rs 100 crore. Once the farmers agree to the rates, the acquisition process will roll. The land at Mann will be for the carshed and the Balewadi plot, which belongs to a catering college, will be provided to make it financially viable for the company executing the project.”
The 23.33km long Hinjewadi-Shivajinagar Metro rail project will be implemented under the PPP model.
The estimated cost of the project is at Rs 7,947 crore.