PUNE, INDIA (Metro Rail News): The metro corridor from Hinjewadi to Shivajinagar will be developed by two companies in a joint venture named TRIL Urban Transport Private Limited (a Tata Group Company) and Siemens Project Ventures GmbH (a subsidiary of Siemens Financial Services) under Public Private Partnership Route (PPP). The joint venture has formed a particular purpose company named Pune IT City Metro Rail Limited.
The proposed elevated metro line will connect Hinjewadi Rajiv Gandhi Infotech Park to Shivajinagar via Balewadi. The proposed route of 23.3 kms with 23 stations will be the first metro project in India under the New Metro Rail Policy.
The contract for the project’s electrical and mechanical system works by Pune IT City Metro Rail Limited has been bagged by A consortium between Siemens AG, Siemens Mobility GmbH, Siemens Limited and Alstom Transport India Limited. The project is to be completed in 39 months.
As a part of the Consortium, Siemens Limited will provide project management, signalling, turnkey electrification, communications and depot works (equipment) for the upcoming project. The order size of Siemens Limited is to the extent of Rs. 900 crores.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, expressed their happiness in joining Tatas for this prestigious project. He added that the new metro line would play a significant role in positively impacting the quality of life of Pune’s citizens to transform their everyday.
Siemens Financial Services (SFS) are known for investing in infrastructure projects worldwide. Through PPPs, SFS can help cities meet their intelligent infrastructure solutions and enable more innovative transportation networks.