SPV proposed to fund Pune mobility projects

High-powered committee headed by chief minister Devendra Fadnavis reviewed HCMTR, Pune Ring Road, and proposed underground tunnel network.

Committee directed officials to accelerate planning, funding, and implementation of the three major infrastructure projects.

Formation of a special purpose vehicle (SPV) was initiated to raise funds for the three projects, with PMC commissioner Naval Kishore Ram and PMRDA officials involved.

Chief minister discussed making nearly 30% of government-owned land for HCMTR available to PMC free of cost to improve financial viability.

Committee discussed appointing an international consultant to prepare a fresh detailed project report for the tunnel network.