Pune’s Shivajinagar ST bus stand is set to be redeveloped into a modern integrated transport hub at an estimated cost of ₹825 crore, with the project expected to handle more than one lakh passengers daily.

The Maharashtra State Road Transport Corporation (MSRTC) and Maharashtra Metro Rail Corporation Limited (MahaMetro) signed a joint development agreement for the Shivajinagar ST Bus Stand Redevelopment Project on Wednesday at Sahyadri Guest House in Mumbai. Chief Minister Devendra Fadnavis, Deputy Chief Ministers Eknath Shinde and Sunetra Pawar, and Transport Minister and MSRTC Chairman Pratap Sarnaik were present at the signing ceremony.

The project will be developed under a Public-Private Partnership (PPP) model, with MahaMetro appointed as the Project Implementation Authority. The corporation will receive a supervisory fee of 4% of the total project cost. A lease period of 49 years, with a possible extension of another 49 years, is under consideration in accordance with government norms. (Pune News)

The redevelopment will cover MSRTC’s 15,400-square-meter plot at Shivajinagar. Of this, approximately 4,900 square meters have been utilised by MahaMetro for the Shivajinagar Metro Station, while the remaining 10,500 square meters will be developed as the new bus port along with commercial spaces and office facilities.

The integrated transport hub will bring together five modes of transport: MSRTC state transport buses, Pune Metro, Indian Railways’ Shivajinagar Railway Station, PMPML city bus services and auto-rickshaws.

The planned facilities include spacious passenger waiting lounges, extensive bus parking and operational bays, a dedicated bus maintenance workshop and depot, commercial spaces and administrative offices. The project aims to make better commercial use of the land while generating long-term revenue for MSRTC and providing improved facilities for passengers.

Tenders for the project are expected to be floated next month, while construction is targeted for completion within three to four years.

MSRTC bus operations at Shivajinagar were temporarily shifted to the Aarey Dairy land in Wakdewadi, where MahaMetro has established basic infrastructure for commuters. Bus services are expected to return to their original Shivajinagar location once the new terminal is completed.

The proposed terminal is expected to serve more than one lakh passengers every day, including inter-district and inter-city travellers commuting between Pune and regions such as Khandesh, Marathwada, Vidarbha and Mumbai.

Welcoming the MoU, BJP MLA Siddharth Shirole, who represents Chhatrapati Shivajinagar, said he had been pursuing the restoration and redevelopment of the bus stand at its original location with the Transport Department and MSRTC for the past five years.

Shirole also said that the redevelopment, alongside the newly opened Hinjewadi–Shivajinagar Metro Line 3, would establish Shivajinagar as Pune’s primary multi-modal transport hub. (Pune News)

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