India, Oct. 30 -- The Maharashtra government has cleared a tripartite Memorandum of Understanding (MoU) for the Pune Metro Phase 2 extensions, from Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi (Vitthalwadi) (Corridor 2B). Approved on Tuesday, October 28, the contract outlines the financial and operational roles of all stakeholders and directs Maha-Metro to fund the project through Transit-Oriented Development (TOD), additional FSI, and the development of government land.

Any expenditure beyond the approved Detailed Project Report (DPR) will require clearance from the State Finance Department. Additional costs, if incurred, will be met through MahaMetro's Dedicated Urban Transport Fund, officials said.

Phase 2 of Pune Met...