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The Pune Metropolitan Region Development Authority (PMRDA) signed a concession agreement with the joint venture of TRIL Urban Transport and Siemens Ventures GMBH (Tata-Siemens JV) today.
The information about the singing of agreement was shared at a press conference by PMRDA held just half-an-hour before the Model Code of Conduct came into effect in Maharashtra.
Line 3 of the Pune Metro rail project is being planned to develop as a public-private partnership (PPP) model with a total budget of Rs 8,100 crore. The project will be executed by Tata-Siemens JV on the design, build, finance, operate and transfer (DBFOT) model, with an initial concession period of 35 years by a consortium of TRIL Urban Transport (a subsidiary of Tata Realty and Infrastructure Limited) and Siemens Project Ventures GMBH (a subsidiary of Siemens Financial Services).
“The project will be completed in about three years and utmost care is being taken to ensure minimal impact on vehicular movement during the construction phase. The PMRDA, in coordination with the Concessionaire Tata, Siemens, other government bodies and local bodies, has already planned alternate routes and diversions”, said Vikram Kumar, Commissioner of Pune Metropolitan Region Development Authority.
We have started land acquisition in Maan village to build the Metro car depot. This project will help save time in covering the distance between Hinjewadi and Shivajinagar. It will also reduce the number of private vehicles on the road, thus helping to reduce carbon emission and pollution.
According to PMRDA official, Metro train services on line 3 between Shivajinagar and Hinjewadi will be operational by March 2023. It is estimated that the metro service will ferry nearly 30,000 passengers per hour during peak hours.
Banmali Agrawala, President (Infrastructure, Defense and Aerospace) at Tata Sons, said:
We are confident that Metro Line 3 will significantly improve infrastructure in Pune and make local commute faster and smoother for the people. We sincerely thank PMRDA for the speedy design and project development of Pune Metro Line 3.
The 23.3-km long Shivajinagar – Hinjewadi corridor (line 3 of Pune Metro rail project) will cover the distance between Civil Court, Shivajinagar, to Maan near Hinjewadi IT park in less than 40 minutes. This corridor will have a total of 23 metro stations on the route.
The post PMRDA signs MoU with Tata-Siemens JV for Pune Metro Line 3 project appeared first on Urban Transport News.
This article first appeared on urbantransportnews.com
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