A joint venture between TRIL Urban Private Limited (a Tata group company) and Siemens project venture GmbH (a subsidiary of Siemens Financial Service) under the Public-Private Partnership (PPP) route will develop the metro corridor from Hinjewadi to Shivajinagar.
For this project, the joint venture, TATA and Siemens, formed a special company called Pune IT City Metro Rail Limited.
This elevated metro line would be 23.3 KM will connect Hinjewadi Rajiv Gandhi Infotech Park to Shivajinagar via Balewadi. It will be the first metro project in India with 23 stations under the new metro rail policy.
The association between Siemens AG, Siemens Mobility GmbH, Siemens Limited and Alstom Transport India Limited has been awarded the contract by Pune IT City Metro Rail Limited for the work of the electrical and mechanical systems of the projects. The project is expected to be completed in 39 months, which means more than two years.
Among other consortiums, Siemens Limited will be part of the project management, turnkey electrification, signalling communications, and dept works for this project. The estimated budget size for Siemens Limited is Rs. 900 crores.
“The Pune Metro is a prestigious project, and Siemens is happy to partner with Tata to work on this project jointly. We are convinced that the new metro line will play a key role in having a positive impact on the quality of life of the Pune citizens to transform their daily lives”, Sunil Mathur, the Managing Director and CEO of Siemens Limited, said.
Siemens Finacial Services (SFS) is a company known to invest in infrastructure projects globally. With the help of SFC, India is able to achieve its goals of obtaining smart infrastructure solutions and buildings smarter and more sustainable transport networks.