Maharashtra Budget 2025: ₹9,897 Crore Proposal for Pune Metro Phase 2, Over 5 Lakh Jobs to Be Created Through Infrastructure and Innovation Projects
Mumbai | March 10, 2025
Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar, while presenting the state’s budget for the 11th time, announced a ₹9,897 crore proposal for the expansion of Pune Metro under Phase 2. This proposal has been sent to the central government for approval.
Metro Expansion in Maharashtra
To provide eco-friendly, sustainable, and seamless transportation, a total of 143.57 km of metro routes have been operationalized across Mumbai, Nagpur, and Pune. Currently, over 10 lakh commuters use metro services daily.
Upcoming Metro Projects
- Mumbai: 41.2 km of metro lines will be launched this year.
- Pune: 23.2 km of new metro routes will be added.
- Total Expansion: 64.4 km of metro routes will be operational this year.
- Future Plans: A total of 237.5 km of metro routes will be operationalized in the next five years.
- Nagpur: The first phase of 40 km of Nagpur Metro is complete, while Phase 2 (43.80 km) worth ₹6,708 crore is in progress.
- Thane Circular Metro and Swargate-Katraj extension projects have received central approval.
- Pune Metro Phase 2: Khadakwasla-Swargate-Hadapsar-Kharadi and Nal Stop-Warje-Manikbagh corridors are awaiting approval for the ₹9,897 crore proposal.
- Mumbai Metro: Work on the Chhatrapati Shivaji Maharaj International Airport to Navi Mumbai International Airport metro route will commence soon.
“Maharashtra Will Not Stop” – Ajit Pawar
While presenting the budget, Ajit Pawar reiterated Prime Minister Narendra Modi’s vision for India to become a developed nation by 2047. He emphasized Maharashtra’s commitment to sustainable development, stating, “Maharashtra will not stop, and progress will not be delayed.”
Key Budget Announcements
Employment and Innovation
- Innovation City in Navi Mumbai: A 250-acre hub for startups and job creation.
- Skill Development for Women: Microsoft will train 10,000 women in AI and other skills through Ratan Tata Maharashtra State Skill University.
- Gadchiroli as a Steel Hub:
- ₹21,830 crore investment agreements signed at the Davos Economic Forum.
- Expected to generate 7,500 jobs.
- ₹500 crore for new mining highways.
Infrastructure Investments
- Massive Investment Plan:
- Aviation, Railways, Metro, Highways, Water Transport, Ports, Irrigation, Energy, and Transport will see record investments in the next five years.
- Every ₹1 invested in infrastructure is expected to boost GSDP by ₹2.5-3.5.
- Port Development in Palghar:
- A ₹4,259 crore port project in Mauje Murbe with private sector participation.
- Water Transport in Mumbai:
- Financial incentives for modern passenger boats between Gateway of India, Mandwa, and Elephanta.
- ₹229.27 crore jetty project near Radio Club, Gateway of India.
- New jetties at Dighi (Raigad), Vengurla (Sindhudurg), Kalher-Dombivli, Kolset, Mira-Bhayander (Thane) under progress.
- Floating jetty at Kashid (Raigad) to begin soon.
Logistics and Employment Boost
- State Logistics Policy 2024:
- Dedicated logistics hubs on over 10,000 acres.
- Expected to generate 5 lakh direct and indirect jobs.
The Maharashtra government aims to accelerate infrastructure growth, create jobs, and boost the economy, ensuring continuous development across the state.
