A consortium of companies including Siemens Ltd has won a major order for an upcoming metro rail project in Pune city, Maharashtra.
In an official communication, Siemens Ltd said that a consortium including Siemens AG, Siemens Mobility GmbH, Siemens Ltd and Alstom Transport India Ltd, has been awarded the contract for electrical and mechanical system works for the Pune metro rail project.
On its part, Siemens Ltd will provide project management, turnkey electrification, signaling, communications and depot works (equipment) for this prestigious project. The order size of Siemens Limited is around Rs.900 crore, and the overall project is scheduled for completion in 39 months.
Siemens is co-developer too
The Pune elevated metro rail project envisages connectivity between Hinjewadi Rajiv Gandhi Infotech Park and Shivajinagar, via Balewadi. The 23.3-km corridor, with 23 stations, is understood to the first project under India’s New Metro Rail Policy.
The Pune metro project is being developed under the public-private partnership (PPP) model. Interestingly, the project has been awarded to a joint venture between TRIL Urban Transport Pvt Ltd (a Tata Group company) and Siemens Project Ventures GmbH (a subsidiary of Siemens Financial Services). The developer partners have formed a special purpose vehicle “Pune IT City Metro Rail Ltd” to implement the project under concession from nodal agency Pune Metropolitan Regional Development Authority.
Pre-project milestones
It is independently learnt that the letter of award was handed over to the winning consortium (TRIL Urban Transport and Siemens Project Ventures) in October 2018. This was followed by incorporation of the aforementioned SPV in March 2019 and signing of the concession agreement between PMRDA and Pune IT City Metro Rail Ltd in September 2019.
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Positive impact on Pune
According to Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd, “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
Siemens Financial Services (SFS), of which project co-developer Siemens Project Ventures GmbH is a subsidiary, invests in infrastructure projects around the world. Through public-private partnerships, SFS is able to help cities meet their goals of obtaining intelligent infrastructure solutions and enable smarter, more sustainable transportation networks.
(Featured photograph is for representation only)
