Pune Metropolitan Region Development Authority (PMRDA) has signed a concession contract with TRIL Urban Transport (a subsidiary of Tata Realty and Infrastructure Limited) and Siemens Project Ventures GMBH (a subsidiary of Siemens Financial Services) for the design, build, finance and operate (DBFOT) scheme of the Shivajinagar-Hinjewadi Metro line project in Pune.
The project would have 23.3 km in length and can carry up to 30,000 passengers per hour during peak hours. The line will connect the Civil Court, Shivajinagar to Maan near Hinjewadi IT Park, taking 23 stops on its way.
The project represents a total investment of INR81 billion (US$1.14 billion) at an initial concession period of 35 years.
Country updates
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October 08, 2019
India to offer INR300bn highway concession on PPP mode
The National Highway Authority of India (NHAI) has launched a pre-qualification bid for the Build-Operate-Transfer (BOT) concession scheme of around 950-kilometer road with an estimated worth of...
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September 24, 2019
RFEOI launched for convention center under Ujjain Smart City in Madhya Pradesh
Ujjain Smart City Ltd (USCL) has launched a request for expression of interest (RFEOI) for interested developers to design, build, finance, operate, and transfer (DBFOT) of a convention center under p...
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September 17, 2019
Mitsui & Co sets to sell stake in Columbia Asia Healthcare , Asian Hospital Group
Mitsui & Co., Ltd is selling its stake in International Columbia U.S. (ICU), a holding company that has invested in, and controls the hospitals and clinics of Columbia Asia Group in Mala...
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September 05, 2019
RFQ launched for Water Supply Grid project in Marathawada
The government of Maharastra with Maharashtra Jeevan Pradhikaran (MJP) in India has issued a request for qualification for the water supply grid project in Marathawada. The project includes...
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September 01, 2019
Operation begins for Ferry service between Mumbai and Surat
The Government of Gujarat in India has announced that the operation of ferry service between Mumbai and Surat will begin from November 2019. The ferry service has 20 air-conditioned rooms and wit...
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