Pune Metropolitan Region Development Authority Plans Infrastructure Financing Through Bonds and PPPs
PMRDA eyes bonds, PPP route to finance key infra projects in Pune, Pimpri-Chinchwad
Hindustan Times
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The Pune Metropolitan Region Development Authority (PMRDA) is exploring options to finance key infrastructure projects in Pune and Pimpri-Chinchwad, potentially raising up to 50% of funds through loans, bonds, and public-private partnerships (PPPs). Major projects include the ₹7,000 crore Yerawada-Katraj underground twin tunnel and the ₹218.07 crore Pawana river rejuvenation plan.
- 01PMRDA aims to finance infrastructure projects through loans, bonds, and PPPs.
- 02The Yerawada-Katraj underground twin tunnel is estimated to cost ₹7,000 crore.
- 03At least 50% of project costs must be raised independently to qualify for central funding.
- 04The Pawana river rejuvenation project is budgeted at ₹218.07 crore.
- 05Tenders for the river improvement initiative will be issued soon.
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The Pune Metropolitan Region Development Authority (PMRDA) is considering financing key infrastructure projects in Pune and Pimpri-Chinchwad through loans, bonds, and public-private partnerships (PPPs), aiming to raise up to 50% of the necessary funds. Major initiatives include the ₹7,000 crore Yerawada-Katraj underground twin tunnel, designed to alleviate traffic congestion within the city by functioning as an internal ring road. A feasibility study for this project is currently underway. Additionally, the PMRDA plans to implement a ₹218.07 crore project to clean the Pawana river, focusing on treating sewage before it enters the waterway. This initiative will adhere to guidelines from the Central Pollution Control Board (CPCB) and the National Green Tribunal (NGT), with sewage treatment plants to be established to improve water quality. The PMRDA is exploring all funding options as it prepares to issue tenders for the river improvement project.
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The proposed infrastructure projects are expected to significantly reduce traffic congestion in Pune, improving travel times for commuters and enhancing the overall urban environment.
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