The Pune Metropolitan Region Development Authority (PMRDA) is awaiting the Union government to disburse Rs 2,468 crore to acquire land for Phase-I of the proposed 129 km ring road in Maharashtra.
The money will be disbursed by the Central government under the Bharatmala Pariyojana. PMRDA has so far acquired only 24 percent of the land for the 12 km of Phase-I of the project which will connect the Satara highway to the Ahmednagar highway. Work for the 32 km ring road in Phase-I is pending because of the delay in land acquisition.
As a part of the project, the Centre had kept the ring roads of Pune and Bengaluru on the priority list. The ring road is likely to ensure better connectivity to highways and reduce the ordeal of travelling through the congested interiors of Pune and Pimpri Chinchwad.
Last year, Union government had announced allocation of funds under its project Bharatmala Pariyojana, an umbrella programme for the highways sector that focuses on optimizing efficiency of freight and passenger movement across the country by bridging critical infrastructure gaps through effective intervention. So far, 24% land has been acquire for 12km meant for the first phase of the ring road that will connect the Satara highway to the Ahmednagar highway. The total cost of the 129km ring road, linking three highways around Pune and Pimpri Chinchwad, is expected to be a little more than Rs17,000 crore.
Of this, Rs12,000 crore is expected to be funded under the Bharatmala project. The rest of the funds would be generated through the town planning schemes and land monetization models.
Land has so far been acquired in the Kadambavasti, Wagholi and Vadachiwadi area for the first phase of the project. The work can resume only after the remaining 76% of land is acquired with the Central allocations.