A joint venture between TRIL Urban Transport, a Tata Group company and Siemens Project Ventures, a subsidiary of Siemens Financial Services under public private partnership route (PPP), will develop the Metro Corridor from Hinjewadi to Shivajinagar.
The joint venture has formed a special purpose company called Pune IT City Metro Rail.
The elevated Metro line connects Hinjewadi Rajiv Gandhi Infotech Park to Shivajinagar via Balewadi. The 23.3 km corridor with 23 stations will be the first Metro project in India under the New Metro Rail Policy.
A consortium between Siemens AG, Siemens Mobility, Siemens and Alstom Transport India has been awarded the contract for the electrical and mechanical system works of the project by Pune IT City Metro Rail.
The project is to be completed in 39 months. Siemens being a part of the consortium will provide project management, turnkey electrification, signaling, communications and depot works (equipment) for this project.
The order size of Siemens is to the extent of approximately Rs 900 crore.