ADD ANI AS A TRUSTED SOURCE
googleads
ANI Logo
Menu
Business

Cabinet approves Pune Metro Rail Project Phase-2

According to Cabinet press release, these two elevated corridors will span 12.75 km and include 13 stations, connecting fast-developing suburbs such as Chandani Chowk, Bavdhan, Kothrud, Kharadi, and Wagholi. The project is scheduled for completion within four years.

ANI Jun 25, 2025 15:45 IST googleads

Representative image (Photo source: https://www.punemetrorail.org/)

New Delhi [India], June 25 (ANI): The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Pune Metro Rail Project Phase-2: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B), as extensions of the existing Vanaz-Ramwadi corridor under Phase-1.

According to Cabinet press release, these two elevated corridors will span 12.75 km and include 13 stations, connecting fast-developing suburbs such as Chandani Chowk, Bavdhan, Kothrud, Kharadi, and Wagholi. The project is scheduled for completion within four years.
The estimated project cost is Rs.3626.24 crore, to be equally shared by the Government of India, Government of Maharashtra, and external bilateral/multilateral agencies.
This strategic proposal is a logical extension of the existing Corridor-2 and aligns with the Comprehensive Mobility Plan (CMP), which envisions a continuous Chandani Chowk to Wagholi Metro corridor to strengthen East-West mass transit in Pune.
These extensions will serve key IT hubs, commercial areas, educational institutions, and residential pockets, increasing the share of public transport and ridership across the network.
The new corridors will also integrate at the District Court Interchange Station with Line-1 (Nigdi-Katraj) and Line-3 (Hinjewadi-District Court) to enable seamless multimodal urban travel.
Under long-term mobility planning, intercity bus services from cities like Mumbai and Bengaluru will be integrated at Chandani Chowk, while those from Ahilya Nagar and Chhatrapati Sambhaji Nagar will connect at Wagholi, allowing passengers to easily access Pune's Metro system.
These extensions will also help decongest arterial routes such as Paud Road and Nagar Road, offering safe, fast, and eco-friendly mobility options.
After completion of these corridors, the projected incremental daily ridership for the entire Line 2 is estimated at 0.96 lakh in 2027, 2.01 lakh in 2037, 2.87 lakh in 2047, and 3.49 lakh in 2057.
The project will be implemented by Maharashtra Metro Rail Corporation Limited (Maha-Metro), which will execute all civil, electro-mechanical, and related works. Pre-construction activities such as topographical survey and detailed design consultancy have already commenced.
This strategic expansion is poised to unlock Pune's economic potential, enhance its urban transport infrastructure, and contribute significantly to sustainable and inclusive development across the metropolitan region. (ANI)

Get the App

What to Read Next

Business

Producer-Actor Adarsh Gunduraj Launches Trailer of ‘Calendar’

Producer-Actor Adarsh Gunduraj Launches Trailer of ‘Calendar’

New Delhi [India], March 12: The team behind the upcoming women-centric film Calendar unveiled the trailer during a press conference in Mumbai on March 12, 2026. They took the opportunity to share insights about the project and its concept with the media.

Read More
Business

Seven more districts added in 6th phase of mandatory hallmarking

Seven more districts added in 6th phase of mandatory hallmarking

The move is part of the phased implementation of mandatory hallmarking being carried out by the Bureau of Indian Standards to ensure the purity of gold jewellery and protect consumer interests.

Read More
Business

BPTP Receives 'Iconic Project - Commercial' Recognition

BPTP Receives 'Iconic Project - Commercial' Recognition

New Delhi [India], March 12: BPTP, a real estate developer operating in North India, has been honoured with the Iconic Project - Commercial award at the 5th Economic Times Real Estate Conclave & Awards 2026 (ETRECA 2026). The award ceremony was held at Taj Santa Cruz, Mumbai, with participation from industry stakeholders including developers, architects, and investors.

Read More
Business

Bajaj General Insurance Releases Guide to Lowering Car Insurance

Bajaj General Insurance Releases Guide to Lowering Car Insurance

Pune (Maharashtra) [India], March 12: Car insurance renewal is often seen as a routine administrative task, but it is much more than that. It presents an excellent opportunity to review your existing policy, assess whether your coverage still matches your needs, and take steps to optimise your premium. By understanding the key factors that influence car insurance costs, such as vehicle value, driving history, add-ons, and usage patterns, you can make informed adjustments that reduce expenses without compromising protection. Thoughtful planning and small, strategic choices at renewal can help you save money, maintain comprehensive coverage, and enjoy greater peace of mind on the road.

Read More
Business

DES Pune University’s Flagship Campus Platforms Drive Holistic

DES Pune University’s Flagship Campus Platforms Drive Holistic

Pune (Maharashtra) [India], March 12: DES Pune University continues to strengthen its vibrant campus life through its flagship academic, cultural, sporting, and research-driven initiatives - AAROHAN, RANANGAN, PARAMPARA, NAVONMESH, ETFI, and POV, creating a dynamic ecosystem that promotes experiential learning, creativity, leadership, innovation, and overall student development.

Read More
Business

Faculty of Planning at CEPT University Invites Applications

Faculty of Planning at CEPT University Invites Applications

New Delhi [India], March 12: India is undergoing an intense phase of urban transformation, placing immense pressure on essential infrastructure, mobility, and public spaces across its cities. The scale and speed of this change demand urgent, informed, and future-ready responses that balance growth with environmental responsibility and social equity.

Read More
Business

Smartworld Developers Awards INR 1,000 Cr Construction Contract

Smartworld Developers Awards INR 1,000 Cr Construction Contract

New Delhi [India], March 12: Smartworld Developers, a new age real estate brand has awarded a construction contract worth INR 1,000 crore for its landmark ultra-luxury project, Trump Residences Gurgaon, marking a major milestone in the project's development. Excavation at the site has been completed, and as part of the phased construction strategy, a INR 300 crore tender has already been released. Structural construction has now formally commenced.

Read More
Business

IVCA Alternate Capital Excellence Awards 2026

IVCA Alternate Capital Excellence Awards 2026

Mumbai (Maharashtra) [India], March 12: The IVCA Alternate Capital Excellence Awards 2026 were presented at the 15th edition of the IVCA Conclave, organised by India's apex body for the alternate capital sector, the Indian Venture and Alternate Capital Association (IVCA). Held on Day 2 of the Conclave, the Awards honoured the institutions and individuals exemplifying excellence in performance, governance, and creating enduring value across the alternate asset ecosystem, spanning private equity, venture capital, private credit, venture debt, real estate, infrastructure, and impact investing.

Read More
Business

Hero FinCorp's AI-Led Lending Platform 'Project Dhruv Tara'

Hero FinCorp's AI-Led Lending Platform 'Project Dhruv Tara'

Mumbai (Maharashtra) [India], March 12: As artificial intelligence and advanced analytics reshape credit decisioning across India's lending ecosystem, financial institutions are now increasingly combining advanced analytics with organisational capability to deliver faster credit access and scalable growth.

Read More
Business

Wizz Financial Completes First Stablecoin-Powered Cross-Border

Wizz Financial Completes First Stablecoin-Powered Cross-Border

Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, in partnership with BitGo Bank & Trust, N.A. ("BitGo"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO). Through the partnership, Wizz Financial is utilizing BitGo's institutional-grade wallet infrastructure and e-trade services to facilitate the conversion of fiat currency into stablecoins, enabling near-real-time settlement, enhanced liquidity management, and compliant, scalable cross-border remittance flows across its global network as new corridors are progressively launched.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.