PMC seeks 50% stake in Pune Metro’s proposed commercial properties

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Pritam Biswas

Commercial establishment developments are being planned by the Maharashtra Metro Rail Corporation Ltd. (Maha-Metro) at metro stations and depots of Pune Metro rail in the city. This move is being sought to generate maximum non-fare revenue to sustain the dissipation of mass-public transport facilities. 

Even though Pune Municipal Corporation (PMC) has allowed a change of land use for commercial purposes, it has sought the transfer of open and commercial areas in the proposed establishments to the civic body. 

The civic administration decision says that the civic body earlier got instruction that 40 to 50 per cent of non-fare revenue should go to PMC owing to the multi-modal hub and commercial establishment being developed by the Maha-Metro.

A 50% share of revenues from the non-fare category would put Pune in the Hong Kong metro system and Singapore Metro league, 
Source: Indian Express 
                                                                     

The state government directed PMC to change the reservation of land from public semi-public (PSP) to `metro station and depot allied activities and commercial.’ Total land of 1,13,822 sq. meters of plot in Kothrud, 28,000 sq. meters in Parvati, 26,684 sq. meters in Shivajinagar and 1,32,964 sq. meters land in Bhamburda have been proposed.

However, the final decision on the sharing of non-fare revenues will be dictated by the state and the union government directing focus back on the actual work of Pune metro rail and providing service to the citizens. 

Pune Metro rail was inaugurated on March 6 by Prime Minister Narendra Modi and opened to the public on the same afternoon. Presently the metro runs on two stretches of 5km from Garware college to Vanaz and 7km from PCMC to Phugewadi, which have five stations on each route. 

The plan is to complete phase one of the projects by December this year, connecting Vanaz to Ramwadi and PCMC to Swargate.

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