Connect with us

Business

Pune Metro Phase-2 Extension: Cabinet Approves Kharadi–Khadakwasla Line 4, Nal Stop–Warje–Manik Baug Line 4A – Stations, Length, Other Details

Published

2 months ago

on

Pune Metro Phase-2 Extension: Cabinet Approves Kharadi–Khadakwasla Line 4, Nal Stop–Warje–Manik Baug Line 4A – Stations, Length, Other Details


In a big boost for Pune’s local infra, the Union Cabinet has approved extension of Pune Metro’s Line 4 and Line 4A. Pune is set for another major boost in its public transport network as the Union Cabinet chaired by Prime Minister Narendra Modi, has approved Line 4(Kharadi–Hadapsar–Swargate–Khadakwasla) and Line 4A (Nal Stop–Warje–Manik Baug) under Phase-2. This is the second major project approved under Phase-2, following the sanction of Line 2A (Vanaz–Chandani Chowk) and Line 2B (Ramwadi–Wagholi/Vitthalwadi).

“Together spanning 31.636 km with 28 elevated stations, Line 4 and 4A will connect IT hubs, commercial zones, educational institutions, and residential clusters across East, South, and West Pune. The project will be completed within five years at an estimated cost of Rs 9,857.85 crore, to be jointly funded by the Government of India, Government of Maharashtra, and external bilateral/multilateral funding agencies,” said the Union Cabinet in a statement.

These lines are a vital part of Pune’s Comprehensive Mobility Plan (CMP) and will seamlessly integrate with operational and sanctioned corridors at Kharadi Bypass & Nal Stop (Line 2), and Swargate(Line 1). They will also provide an interchange at Hadapsar Railway Station and connect with future corridors towards Loni Kalbhor and Saswad Road, ensuring smooth multimodal connectivity across metro, rail, and bus networks.

Add Zee News as a Preferred Source

From Kharadi IT Park to Khadakwasla’s scenic tourist belt, and from Hadapsar’s industrial hub to Warje’s residential clusters, Line 4 and 4A will knit together diverse neighbourhoods. Traversing Solapur Road, Magarpatta Road, Sinhagad Road, Karve Road, and the Mumbai–Bengaluru Highway, the project will ease congestion on Pune’s busiest routes while improving safety and promoting green, sustainable mobility.

According to projections, the daily ridership on Line 4 and 4A combined is expected to be 4.09 lakh in 2028, rising to nearly 7 lakh in 2038, 9.63 lakh in 2048, and over 11.7 lakh in 2058. Of this, the Kharadi–Khadakwasla corridor will account for 3.23 lakh passengers in 2028, growing to 9.33 lakh by 2058, while the Nal Stop–Warje–Manik Baug spur line will rise from 85,555 to 2.41 lakh passengers over the same period. These projections highlight the significant growth in ridership expected on Line 4 and 4A over the coming decades.

The project will be implemented by Maharashtra Metro Rail Corporation Limited (Maha-Metro), which will carry out all civil, electrical, mechanical, and systems works. Pre-construction activities such as topographical surveys and detailed design consultancy are already underway.

With this latest approval, Pune Metro’s network will expand beyond the 100 km milestone, a significant step in the city’s journey towards a modern, integrated, and sustainable urban transit system.

With Line 4 and 4A, Pune will not just get more metro tracks, it will gain a faster, greener, and more connected future. These corridors are designed to give back hours of commuting time, reduce traffic chaos, and provide citizens with a safe, reliable, and affordable alternative. In the years ahead, they will emerge as the true lifelines of Pune, reshaping urban mobility and redefining the city’s growth story.





Source link

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Asian stocks today: Markets remain mixed after Trump’s Iran remarks; HSI down over 76 points, Kospi gains 1.5% – The Times of India

Published

1 hour ago

on

January 15, 2026

By

Asian stocks today: Markets remain mixed after Trump’s Iran remarks; HSI down over 76 points, Kospi gains 1.5% – The Times of India


Asian markets ended mixed on Thursday, after US President Donald Trump’s comments on Iran, saying that he was told “on good authority” that plans for executions in Iran have stopped. At the same time, oil prices dropped sharply, falling more than $2 a barrel.Hong Kong’s HSI was up 76 point or 0.28% down at 26,923. Nikkei plunged 230 points or 0.42% to trade at 54,110. Shanghai and Shenzhen ended down 0.33% and up 0.41%. In South Korea, Kospi was up 1.5% or 74 points.US benchmark crude slid $2, or 3.4%, to $59.75 a barrel. Brent crude, the global benchmark, fell $2.31, or 3.5%, to $64.21 a barrel.Shares of Toyota Industries rose 6.2% after reports said Toyota Motor had increased its buyout offer for the company to 18,800 yen ($118.61) per share. US futures were little changed. The future for the S&P 500 rose by less than 0.1%, while futures for the Dow Jones Industrial Average edged down by less than 0.1%.On Wednesday, Wall Street closed lower for a second consecutive session. The S&P 500 fell 0.5%, the Dow slipped 0.1%, and the Nasdaq composite dropped 1%.Losses were led by Big Tech stocks, even as most shares on Wall Street advanced. The sector came under pressure as investors pulled back from the artificial intelligence rally and amid warnings from some critics that valuations had become stretched. Nvidia shares declined 1.4%, while Broadcom fell 4.2%.Bank stocks also weakened. Wells Fargo sank 4.6% after reporting quarterly profit and revenue that missed expectations. Bank of America fell 3.8%, and Citigroup dropped 3.3%.Energy stocks provided some support to the broader market. Exxon Mobil gained 2.9%, and Chevron rose 2.1%.Investors continued to seek safe-haven assets as geopolitical uncertainties remained elevated. Gold prices slipped 0.8% on Thursday but stayed close to their previous record levels.In the bond market, the yield on the US 10-year Treasury fell to 4.14% from 4.18% late Tuesday, reflecting increased demand for safer assets. Bond prices move inversely to yields.In currency trading early Thursday, the US dollar strengthened to 158.63 Japanese yen from 158.46 yen. The euro weakened slightly to $1.1636 from $1.1645.



Source link

Continue Reading

Business

Markets Closed For BMC Elections, Zerodha CEO Nithin Kamath Calls It ‘Poor Planning’

Published

2 hours ago

on

January 15, 2026

By

Markets Closed For BMC Elections, Zerodha CEO Nithin Kamath Calls It ‘Poor Planning’


New Delhi: Indian stock markets are shut today, January 15, after the Maharashtra government declared a public holiday for municipal elections in Mumbai and several other parts of the state. While the move aims to ensure smooth voting, it has sparked a debate in the financial world with Zerodha CEO Nithin Kamath strongly criticising the closure of both the NSE and BSE, calling it a case of “poor planning.”

Kamath Flags Global Impact of Local Market Holiday

In a post on X, Nithin Kamath pointed out that Indian stock exchanges are deeply connected with global markets, yet were closed today due to local municipal elections. Quoting Charlie Munger, he wrote, “Show me the incentive, and I will show you the outcome.” Kamath said the holiday continues because no one who matters has any incentive to oppose a market shutdown, adding that such decisions underline how far India still needs to go to earn the confidence of global investors.

Add Zee News as a Preferred Source

Holiday Added at the Last Minute

The trading holiday on January 15 was not part of the stock exchanges’ original 2026 trading calendar and was added only earlier this week. Both the BSE and NSE later issued separate circulars confirming that trading would remain suspended today due to municipal corporation elections in Maharashtra.

All Key Market Segments Shut, Trading to Resume Tomorrow

Trading remained suspended across equities, equity derivatives, securities lending and borrowing, as well as currency and interest rate derivatives for the day. The commodity derivatives segment was closed during the morning session, but was scheduled to reopen for evening trading. Normal trading on both the NSE and BSE is set to resume on Friday, January 16.





Source link

Continue Reading

Business

Ofwat investigation opened into Kent and Sussex water issues

Published

3 hours ago

on

January 15, 2026

By

Ofwat investigation opened into Kent and Sussex water issues


Getty Images A man in an orange high vis coat next to creates of bottled water.Getty Images

South East Water is set to operate bottled water stations again on Thursday

Regulator Ofwat has opened an investigation into South East Water (SEW) after repeated loss of water supplies across Kent and Sussex.

The investigation will consider whether the company has complied with its licence condition to provide high standards of customer service and support.

Ofwat said it was the first investigation it had launched into customer-focused licence conditions.

SEW said: “The company will always fully co-operate with any investigation by our regulators and provide any information required.”

As of Wednesday night, 10,000 properties continued to have no water supply.

Lynn Parker, Ofwat’s senior director for enforcement, said: “The last six weeks have been miserable for businesses and households across Kent and Sussex with repeated supply problems.

“We know that this has had a huge impact on all parts of daily life and hurt businesses, particularly in the run up to the festive period.

“That is why we need to investigate and to determine whether the company has breached its licence condition.”

Watch: Starmer quizzed at PMQs over South East Water disruptions

The investigation was started after the prime minister said the situation, which affected 30,000 customers at its height, was “clearly totally unacceptable” and asked Ofwat to review the company’s licence.

SEW said some customers might not see supplies return until Friday after issues first began on Saturday in the wake of Storm Goretti and a power cut at a pumping station.

The company said it would be using 26 tankers to pump water directly into its network while working “around the clock” to fix leaks and bursts.

Ofwat already has an open investigation into SEW’s supply resilience to determine whether it has failed to develop and maintain an efficient water supply system.

As of 17:30 GMT on Wednesday, SEW said it had implemented a new recovery plan for Tunbridge Wells that involved keeping local booster pumps switched off for a further 36 hours.

The aim was that customers would wake up to a consistent supply by Friday morning.

SEW said its local drinking water storage tanks had not refilled at the speed required, so it had to extend the “outage” to allow it to recover fully.



Source link

Continue Reading

Trending