Pune metro train could be a reality by 2014
PUNE: Suggesting the functional structure for the proposed Pune Metro Rail Corporation (PMRC), the Delhi Metro Rail Corporation's (DMRC) final draft report envisages that the Pune metro project can be completed by 2014-2015 at a cost of Rs 8,401 (corridor -I) and Rs 9,534 (corridor II). The report says that the Pune metro, like the DMRC, can ask for concession on value-added tax as well as concession in electricity and other municipal taxes. "The PMC needs 64,435 hectares of land for the metro. Beside this, there is a need for another 4 hectares of land which could come from the Agriculture college land. This 1,04,435 hectares could be commercially exploited and developed by allowing 4 FSI. Around Rs 600 crore could come in this way," says the report. In practical terms, however, this might not be so easy. The agriculture college has already announced that it will not give its land for the project. "The area, along with the metro corridor, could be commercially expl