Rs 180 crore funding cleared for Pune Metro’s Swargate-Katraj corridor

The Maharashtra government has approved fresh funding for Pune Metro expansion in the 2026-27 financial year, including Rs 100 crore in equity and Rs 80 crore as an interest-free subordinate loan for the Swargate-Katraj corridor.

The state urban development department issued the directive on September 18, according to a report published on Tuesday. The two other expansion corridors — Vanaz-Chandni Chowk and Ramwadi-Wagholi/Vitthalwadi — will receive Rs 20 crore each as an equity contribution.

The Swargate-Katraj corridor is being implemented by Maharashtra Metro Rail Corporation Ltd (Maha-Metro) as a fully underground extension. It has an approved project cost of Rs 2,954.75 crore, reported The Hindustan Times.

With the latest Rs 100 crore release, the total state equity released for the corridor has reached Rs 200 crore. Earlier releases included Rs 60 crore in August 2025 and Rs 40 crore in December 2025. The state government has committed a total equity contribution of Rs 397.83 crore for the project.

The government has also approved an Rs 80 crore interest-free subordinate loan for Swargate-Katraj, taking the total sanctioned subordinate loan to Rs 322.10 crore. With the latest release, Rs 160 crore of the subordinate loan will have been disbursed.

The government order states that the subordinate loan will be repaid in a single instalment after repayment of the main loan for the project. It is currently interest-free. Should interest become applicable in future, the amount will be recovered from Maha-Metro along with applicable interest.

Maha-Metro officials said funds are released in phases and will be used for priority works aimed at expanding Metro connectivity to more parts of Pune and Pimpri-Chinchwad.

The second government resolution covers the Vanaz-Chandni Chowk Corridor 2A and Ramwadi-Wagholi/Vitthalwadi Corridor 2B, which are extensions of the existing Vanaz-Ramwadi Metro corridor.

The combined project has a revised approved cost of Rs 3,626.24 crore. The state government has committed Rs 479.71 crore as its equity contribution. The latest Rs 20 crore release from the 2026-27 budget will take total state equity disbursed for the two extensions to Rs 80 crore, following an earlier Rs 60 crore release on June 19, 2026.

Together, the Vanaz-Chandni Chowk and Ramwadi-Wagholi/Vitthalwadi corridors cover 12.75 km and 13 stations, with connectivity planned for areas including Chandni Chowk, Kothrud, Kharadi and Wagholi.