India, March 22 -- Six months after withdrawal of the earlier tender over differences in the funding approaches of the Pimpri-Chinchwad Municipal Corporation (PCMC) and Pune Municipal Corporation (PMC), the latter has now floated a new tender worth Rs.303 crore for developing the right bank of the Mula river and started work on the stretch from Wakad bypass to Sangvi bridge. This is part of the riverfront development project (RFD) based on a public-private partnership (PPP) model using development credit notes for funding.

The PMC project department on March 21 floated the tender worth Rs.303 crore for work on the stretch of river from Wakad bypass to Sangavi bridge. Surendra Karpe, deputy engineer, PMC project department, stated that th...