Ajit Karn
Increasing capex for infrastructure projects
Even the Maharashtra Metro Rail Corporation expects funding for metro development to be included in the annual budget 2023, which will be unveiled on February 1.
Civic administration anticipates that the centre would make up for it by giving additional funding to municipal authorities, either in the name of any programme or for any particular initiatives, as the central government gradually scales back the Smart City scheme. The annual budget, which will be unveiled on February 1, is expected to include funding for metro expansion, according to the Maharashtra Metro Rail Corporation.
We are unable to speak publicly because the code of conduct is in place in the Pune area due to by-elections in Kasba Peth and Chinchwad assembly, according to a senior IAS officer who asked to remain anonymous. We do, however, anticipate receiving money from the federal government for both Pimpri-Chinchwad and Pune.
Another official stated, “Both cities previously received funding from the Smart City Mission. The national government will think about contributing some funding for the project after it is finished.
According to a National Highways Authority of India (NHAI) employee, Nitin Gadkari, the union minister of road transport, has already announced a number of projects in and around the city of Pune. His ministry is anticipated to get sufficient funds for these initiatives. Even the railway project between Pune and Nashik is anticipated to start soon.
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Metro presentative responded to the situation by saying, “We have already presented two expansion routes, one from Swargate to Katraj and the other from PCMC to Nigdi. All of India’s metro projects typically receive funding from the national budget.
Pune will see the beginning of a number of projects with the help of the federal government. Some of the high-budget projects planned for the city include the river revitalization project, the multi-level flyover from Nashik Phata to Chakan, the Pune-Nashik semi-high-speed railway, and the Pune ring road. The forthcoming budget is expected to include the funding for these initiatives.
