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Centre, state govt will decide on Pune metro revenue sharing: Maha-Metro

After the Pune Municipal Corporation (PMC) standing committee passed a resolution demanding a share of revenue from the non-fare box revenue source – on property leased to the Pune Metro rail – the Maharashtra Metro Rail Corporation Ltd (Maha-Metro), implementing the Pune metro rail project, said the decision on revenue sharing with the civic body will be taken by the Union and the state government.

Congress leader Ulhas Bagul had proposed that the PMC should demand a 50 per cent share in revenue that will be raised by Maha-Metro from the multi-modal hub with commercial establishments at the PMC-owned Swargate land. “The PMC forwarded the proposal to Maha-Metro and sought its response on the proposal. Thus, the civic body has to take a decision,” said Pune Municipal Commissioner Vikram Kumar.

Officials at the Maha-Metro said the Pune metro project is to provide faster and comfortable commute for residents of the city through the public transport system. The PMC is a partner in the project by contributing its land and finances. The project has been proposed by PMC and Maha-Metro is executing the project.

Source
Indian Express
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