4/1/2018
PUNE: The state
cabinet gave its nod to the 23.3 km Hinjewadi-Shivajinagar Metro line, which
will be built at a cost of Rs 8,313 crore and executed by the Pune
Metropolitan Region Development Authority (PMRDA).
"The work for the line will be carried out in phases. The
first phase between Hinjewadi to Balewadi will be completed by April 2019
and the second phase between Balewadi to Shivajinagar will be completed by
2021," PMRDA commissioner Kiran Gitte told pune-news.com.
The Metro line will be executed under the Public Private
Partnership (PPP) model. "The bidder for the project will be finalized by
April this year. If everything goes as per the plan, the work should commence
by June," PMRDA officials said.
PMRDA has shortlisted three companies that could bid for the
project, including Tata Realty Siemens, IRB in consortium with Chinese and
Malaysian companies and ILFS. "The final bid is expected to be cleared by
March or April," Gitte said.
The successful bidder will have to bring in 60% funding for
the project, including 30% in equity and 70% in debt. The Union government had
earlier agreed in principle to provide 20% viability gap funding for the same
line.
Gitte said the project will be implemented according to the
Union government's new Metro policy. "All the stations will be equipped
with the latest technology, amenities and state-of-the-art infrastructure. The
entire Metro is expected to be monitored by automated technologies," he
added.
The officials said the Metro will ply through Hinjewadi, Wakad, Balewadi, Pune University and Shivajinagar. At Shivajinagar junction, it would align with the other two Metro lines at civil court junction, thus, enabling the passengers to travel via all the three lines through a single ticket.
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