Pune Metro project: PMRDA begins auction of government’s dairy farm land to get funds
The Pune Metropolitan Region Development Authority (PMRDA) has started the process of auctioning the state government’s eight-acre dairy farm land near the Old Pune-Mumbai highway to raise funds for the metro project, the Hindustan Times reported.
The PMRDA had received three pieces of government-owned land in Pune city from the state cabinet in 2019 for the funding of the proposed metro rail project from Hinjewadi to Shivajinagar. PMRDA’s deputy collector Ramdas Jagtap said the PMRDA was given the land which was initially designated for government polytechnic, dairy development and the police department. He added that the e-auction process for dairy development land has started. “We are expecting to raise over Rs 500 crore from the e-auction,” he further said. The land was given to the PMRDA instead of a direct financial assistance of Rs 1,200 crore.
