PUNE (Metro Rail News): Maharashtra Metro Rail Corporation Limited (Maha Metro) has announced a letter of acceptance (LoA) to Honeywell Automation India Ltd for the contract of ~ INR168 crore for the supply of telecommunication systems for Maha Metro’s Pune Metro project on 25th Feb 2020.
In July 2019, Maha-Metro had floated tender for supply, design, manufacture, installation, testing & commissioning of telecommunication systems for Pune Metro project.
As Honeywell Automation India Ltd has appeared as the lowest bidder so awarded the contract for the same. Honeywell Automation India Limited (HAIL) a leader in providing integrated automation and software solutions, with process solutions and building solutions.
It has a big product portfolio insensing and control, environmental & combustion controls, also provides engineering services in the range of automation and control to global clients. The Pune Metro project is being performed under the supervision of Maha-Metro. The project is being financed by two foreign financial institutions, namely the French Development Agency (AfD) & the European Investment Bank (EIB).
This year in Jan Agence Française de Développement (AFD) had signed a loan agreement to give financial assistance of EUR245 million for the Metro project. Similarily, EIB has approved a loan agreement to give financial assistance of EUR 600 million for the development of the underground section and acquisition of metro coaches for the project.