Tata Group gets Concessionaire rights for 35 years by PMRDA for 3rd Pune Metro Line
Tikam Shekhawat
Pune, 06 Febuary 2024: The maiden double decker flyover in Pune, pivotal for the establishment of the third Metro line connecting Hinjewadi and Shivaji Nagar, is on track for completion by August 15, 2024, assured Rahul Mahiwal, Commissioner of Pune Metropolitan Region Development Authority (PMRDA), to the Punekars.
As per our sources, the estimated cost of this expansive project is Rs 265 Crore. Envisioned as an integrated double-decker structure, the flyover will comprise a metro rail on its upper level and ramps below, facilitating the convergence of three roads towards Ganeshkhind. The construction of the four underpasses beneath the flyover is assigned to the Pune Municipal Corporation.
The starting point of this elevated double-decker is situated at the confluence of the pillars of the Shivaji Nagar-Hinjewadi Metro on Savitribai Phule Pune Vidyapeeth Road, extending from Pune University Road and branching into Aundh, Pashan, and Baner. Spanning a width of 23 meters over a length of 1.7 kilometers, this flyover is anticipated to address the current challenges faced by commuters on this route. Rahul Mahiwal empathetically acknowledged the challenges faced by those traversing this route, underscoring the imperative to alleviate traffic congestion, enhance travel efficiency, and provide relief to the Commuters.
Implemented under the Public-Private Partnership (PPP) model, the third metro line project is contracted to the Tata Group, serving as the Concessionaire. In the technical language, a concessionaire here denotes a grant for the utilization of land, commercial premises, or trading rights. Under this, Tata Group has a task of design, finance, build & finally transfer. Noteworthy is the PMRDA’s proposal to allocate 9.7 hectares of land to the Tata Group for commercial development within the PPP framework. Tata Group (TRIL Urban Transport Private Limited), as the Concessionaire, will possess rights for 35 years subject to governmental approval for extension, pertaining to the grants and benefits offered by the PMRDA.
