Tata Group Company & Siemens group consortium to develop Pune metro line 3
(EPT): The Pune Metropolitan Region Development Authority (PMRDA) has awarded the metro line 3 contract to a joint venture of a Tata Group company and a consortium of the Siemens Group.
Siemens is part of the consortium along with Siemens AG, Siemens Mobility GmbH and Alstom Transport India and the JV is called Pune IT City Metro Rail, which is a special purpose company.
A joint venture between Tata Group company TRIL Urban Transport Limited and Siemens arm Siemens Project Ventures will develop metro corridor for Pune Metro under the Public Private Partnership (PPP) route. The 23.3-km elevated metro line connects the Hinjewadi Rajiv Gandhi Infotech Park with Shivajinagar via Balewadi in the second largest city in Maharashtra.
The corridor with 23 stations is the first metro rail project in the country under the new metro rail policy and will be under the public private partnership route, a statement from Siemens said on Monday.
The order size of Siemens is to the extent of Rs. 900 crore (approximately).
Siemens’ scope of work include project management, turnkey electrification, signalling, communications and depot works or equipment.
The contract is the electrical and mechanical system works of the project to be completed in 39 months, Siemens said.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “We would like to thank the Pune Metropolitan Region Development Authority (PMRDA) for awarding this project to us.
Siemens is a leader in providing state-of-the-art metro rail solutions globally. Pune Metro is a prestigious project, and Siemens is glad to be partnering with the Tatas to jointly develop this project. We are confident that the new metro line will play a key role in positively impacting the quality of life of Pune’s citizens to transform their everyday.”
Siemens Financial Services (SFS) invests in infrastructure projects around the world. Through PPPs, SFS is able to help cities meet their goals of obtaining intelligent infrastructure solutions and enable smarter, more sustainable transportation networks.