Tata-Siemens JV to build 23-km Metro line for Pune via PPP mode
27-December-2021

The Tata Group and Siemens Ltd on Monday announced a joint venture to
construct a 23.30 kms long elevated Metro Line for Pune, under the PPP
mode.
This is the first metro project in India to be taken up
under the Centre's new Metro Rail Policy and the proposed line will link
Hinjewadi Rajiv Gandhi Infotech Park and Shivajinagar via Balewadi with
23 stations en route.
The TRIL Urban Transport Pvt Ltd of the
Tata Group and Siemens Project Ventures GmbH of Siemens Financial
Services will develop the metro corridor under the PPP route through a
SPV named "Pune IT City Metro Rail Ltd".
This is the 3rd metro
line coming up in Pune, with another elevated 14-km-long Vanaz-Ramwadi
corridor, and the 16-km-long partly elevated and underground
Pimpri-Swargate route being built by Maharashtra Metro Rail Corporation
Ltd (Maha Metro).
The work on the Hinjewadi-Shivajinagar corridor officially got underway in November 2021 for the prestigious project, estimated to cost a little more than Rs 8,000 crore and the route is slated for completion in around 39 months.
For the PPP project, a consortium of Siemens AG, Siemens Mobility GmbH, Siemens Ltd and Alstom Transport India Ltd has been awarded the contract for the electrical and mechanical system works by the SPV, which will be completed in 39 months.
Siemens Ltd will provide the project management, turnkey electrification, signalling, communications and depot works (equipment) for the project worth Rs 900 crore, said the company's CEO and Managing Director Sunil Mathur.
The Siemens Financial Services invests in infra projects around the world and through PPPs, it helps cities meet through their goals of obtaining intelligent infrastructure solutions and enable smarter and more sustainable transportation networks. - IANS
Cocaine Racket Busted, Two Tamil Actors, Nigerian Woman Held
Junior Chidambaram Calls For Urban-Focused Political Outfit, Free Of Identity Politics
Uddhav and Raj Thackeray May Unite for Protest Against Hindi Imposition
With Govt Help and Good Prices, Dragon Fruit Turns into a Profitable Crop
Ex-DGP To Join Probe Into Akali Leader Majithia's Rs 540 Crore Drug Money Laundering Case