PMC seeks standing committee nod for its Metro stretch
Express news service : Fri Dec 07 2012, 03:27 hrs
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Thus, the PMC and PCMC will pay 10 per cent of the project cost for routes in their respective areas. The total expenditure for Pimpri-Chinchwad to Swargate route was estimated to be Rs 4,000 crore in 2009 and if the work starts in 2014, it is likely to reach Rs 7,000 crore.
The PMC will, however, have to shell out a lot more money for the underground route, which is estimated to be three times costlier than the elevated route.
The underground route has been proposed from Shivajinagar to Swargate and would pass through the heart of the city, which is congested and has a high population density.
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