The Pune Municipal Corporation’s (PMC’s) general body on Wednesday approved the proposed extension of the Nigdi-Swargate corridor of Pune Metro. The 5.4-km-long stretch will be completely underground and will have three stations — Gultekdi Market, Padmavati Chowk and Katraj Junction.
The project will require a total expenditure of Rs 4,020 crore of which Rs 323 crore (10 per cent) will come from the Union government, Rs 485 crore (15 per cent) from the state government and Rs 485 crore (15 per cent) from the PMC.
In addition, the state government’s contribution towards subordinated debt will be Rs 441 crore and PMC’s will be Rs 248 crore.
