Photo : PTI
Pune: The construction work on the much-awaited 170-km Pune Ring Road is expected to begin in April 2023 and reach completion by December 2025. more than 70 villages. Once ready, the proposed Pune Ring Road will help in separating inner-city traffic from highway traffic, which will in turn enhance transit and bring down pollution caused by traffic jams. The MSRDC (Maharashtra State Road Development Corporation) officials, on Friday, told the Times of India that the construction on the ring road is expected to reach completion by the end of 2025. By January 2023, the contractor will be appointed and work will commence in April 2023. It will be completed in approximately 32 months (by December 2025) added the official.The project cleared a milestone on Thursday, November 17, with the state cabinet giving its nod to the MSRDC for raising a loan of Rs 35,629 Crores to acquire land for three major road infrastructure projects, including the ring road, in the state from Housing Urban Development Corporation (HUDCO).
Of these three major road projects, the Pune ring road project will be allocated nearly Rs 11,000 crore for land acquisition from 83 villages in the Pune district, officials said.
While land acquisition costs have been raised from HUDCO, the cost for the actual project which is estimated to be nearly Rs 16,000 crores will be raised through financial institutions.
The Ring Road is a massive undertaking that will bring together six national highways (NH) which traverse the Pune Metropolitan Area (PMR) including NH-40 (Mumbai-Pune), NH-60 (Pune-Nashik), NH-753F (Pune-Ahmednagar), NH-65 (Pune-Solapur), NH-965 (Pune-Saswad-Palkhi Marg) and NH-48 (Pune-Bengaluru).
Pune Ring Road Map
Pune Ring Road Map
“The approval to raise loans will help MSRDC speed up the land acquisition process to commence the actual work. We need around Rs 11,000 cr for completing the land acquisition process for the entire stretch and we should complete the announcement of compensation for these lands in all these villages by mid-December,” said a key MSRDC official in conversation with the Times of India.
The land acquisition process includes a survey and announcement of compensation in road infrastructure process. For the ring road project, this process is ongoing in 72 of the 83 villages. The survey has been completed in all the villages while the compensation amount has been declared for 15 villages, officials said.