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12 Killed in Fire at Pune Chemical Plant; PM Declares Rs 2L Each for Kin

At least 12 workers, many of them women, died and several others were missing after a major fire broke out at a chemical company located in an industrial area in Pune district on Monday, fire department officials said. The fire broke out at SVS Aqua Technologies, which manufactures chlorine dioxide and is located in the Pirangut MIDC area of Mulshi tehsil on the outskirts of Pune city, they…

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Pune Metro | Center approves Shivajinagar-Hinjewadi Metro corridor on PPP basis

Pune: After introduction of new Metro Rail Policy and reviewing the proposal submitted by the state, the Central government on Wednesday, approved long awaited metro corridor between Shivajinagar and Hinjewadi in Pune on a public private partnership (PPP) basis.

“The nod has been received for the Hinjewadi-Shivajinagar Metro corridor by the Central government and they have approved Rs.1,300 crore as viability gap funding for the same. The Maharashtra government had already cleared this project which will be executed by the PMRDA”, Chief Executive Officer (CEO) of PMRDA Kiran Gitte said.

He further said that the secretary of economic affairs, officers from the urban development department, Niti Aayog , department of finance and other ministries were present at a meeting, along with PMRDA officials, to clear the project. Now PMRDA will be able to start administrative work and the tendering process.

Maharashtra Chief minister Devendra Fadnavis is being seen as the driving force behind the clearance for this Metro line happening on the fast track. Fadnavis wrote a letter to the finance ministry and requested the Centre to give priority to the Hinjewadi-Shivajinagar route, for which the state cabinet gave its nod on January 2 of this year.

This corridor covers 23.3km stretch between Hinjewadi and Shivajinagar and is expected to cost Rs.8,313 crore. Work is already on for the first two lines, between Pimpri-Chinchwad and Swargate, and Vanaz to Ramwadi. This corridor is projected as line-3 of Pune Metro Rail Project.

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Pune Metro | PMRDA appoints Deloitte as transactional adviser for metro project

Pune: The Pune Metropolitan Region Development Authority (PMRDA) has appointed Deloitte as transactional adviser to ready its bid document and evaluate companies that have made a bid for the metro project.

The metro rail project from Hinjewadi to Shivajinagar will be implemented under the public private partnership (PPP) model and cost Rs 7,947 crore.

“We have a team of six people from the company who are experts in the field of traffic management, real estate, financial, railway engineering, taxation and law. They will evaluate the qualification of the bids and ready the agreement by September end,” stated PMRDA chief Kiran Gitte on the proposed 23.33 km Hinjewadi-Shivajinagar stretch.

The officials have been asked to ready the request for proposal and the draft of the concession agreement by September. PMRDA expects the officials to work with them till the bid is finalised. They will have to check everything from design, cost, the success of the project and transactions in the coming six months till the deal is finalised and after that too the officials will be retained till the work is completed, stated officials.

PMRDA chief said that the transaction advisery for the project will execute the lease and legal agreement and has been chosen after evaluating several proposals.

Three companies have evinced interest in executing the project and in the tendering process. While the bid will be readied by September the same will be finalised by end of 2017.

PMRDA will go for branding of the proposed 23 metro stations on this stretch and a letter has been sent to industry associations to develop these metro stations.