V. K. J. RANE – IRSE (Retd.) Ex-M.D./IRCON
F-5, 2nd floor, 48/49 Grafikon Paradise, NIBM Road, Kondhwa Khurd, Pune - 411 048
Tel: (020) 2685 4132, Mobile: 093710 05396 Email: vkjrane1930@hotmail.com

Date 19th Aug 09

Dear Mr. Zagade
Municipal Commissioner


The news paper reports dated 19th Aug 09 on the foundation ceremony of the Charkop-Bandra-Mankhurd metro project indicate the project cost accepted in favour of Reliance Group at Rs 8208cr for a fully elevated corridor of 32km with a VGF subsidy of Rs 2298cr (at 28% project cost). From the above it is seen that the elevated corridor in Mumbai under the PPP model works out to Rs 8208cr / 32km = Rs 256.50cr/km. The Municipal commissioner of Pune should recall the DMRC DPR for Pune Metro Rail which has estimated the fully elevated corridor II at Rs 148cr/km. The two Pune corridors totaling to about 32km includes a 5km of UG section and has been estimated by DMRC at Rs 7147cr at Rs 227cr/km. This indicates the gross underestimation of the cost of the project and we expect that the Pune Metro Rail corridor as proposed would cost around Rs 400cr/km amounting to Rs 12,800cr and will need a VGF subsidy of more than Rs 3000cr.

Do you still want to import SG coaches at exorbitant prices by imposing heavy taxes on the Pune Citizens?

With warm regards

V K J Rane – IRSE (Retd.)
Ex-MD/IRCON