Tata-Siemens Consortium Wins Bid For Pune Metro Project
The consortium of TRIL Urban Transport Private (a Tata group company) and Siemens Project Ventures GmbH (a subsidiary of Siemens Financial Services) has been awarded the contract to develop the metro corridor from Hinjewadi to Shivajinagar by the Pune Metropolitan Region Development Authority. The Chief Minister of Maharashtra Devendra Fadnavis handed over the letter of award to the consortium at a ceremony held in Mumbai, in the presence of N Chandrasekaran, Chairman, Tata Sons, and government officials and other senior leaders from Siemens and Tata.
The elevated metro line will originate from Hinjewadi Rajiv Gandhi Infotech Park and travel via Balewadi to Shivajinagar. Hinjewadi is Pune’s fastest growing IT industrial hub, providing employment to over 400,000 people. The 23.3km corridor with 23 stations will be the first metro project in India on a public-private-partnership (PPP) model after the New Metro Rail Policy of 2017. The construction is scheduled to commence by June 2019 and be completed within a time span of three years. Tata Projects will be the EPC partner supporting the consortium.
- Issued By:PUNE METROPOLITAN REGION DEVELOPMENT AUTHORITY
- Bagged By:
- Region:Western India
- Industry:Transportation Services
- Published On:2018-10-03