A Joint Venture between TRIL Urban Transport Private Limited (a Tata Group Company) and Siemens Project Ventures GmbH (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 Limited. The elevated metro line connects Hinjewadi Rajiv Gandhi Infotech Park to Shivajinagar via Balewadi. The 23.3 kms 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 GmbH, Siemens Limited and Alstom Transport India Limited has been awarded the contract for the electrical and mechanical system works of the project by Pune IT City Metro Rail Limited. The project is to be completed in 39 months. Siemens Limited, being a part of the Consortium, will provide project management, turnkey electrification, signaling, communications, and depot works (equipment) for this prestigious project.
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. Siemens is confident that the new metro line will play a key role in positively impacting the quality of life of Pune’s citizens. The Pune Metro will significantly transform the way people of Pune will commute in the future and will also bring in economic benefits and employment along the route.
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.