Pune Metro Line III receives Rs 4.1 bn funding boost from central govt

08 Nov 2023 CW Team

The first installment of viability gap funding (VGF) for the Pune Metro Line III project, amounting to Rs 4.1 billion, has been released by the Central government. This funding is part of the total VGF of Rs 12.248 billion allocated for the project, which is being constructed by a consortium of Tata and Siemens.

The Pune Metropolitan Region Development Authority (PMRDA) is overseeing the development of this 23.203 km-long elevated Metro line, connecting the prominent IT hub of Hinjewadi with the central business district of Shivajinagar. The project, estimated to cost Rs 83.13 billion, will feature 23 stations along the way, connecting key areas such as Baner Road, Balewadi, Aundh, and Pune University.

In 2018, the state government approved the project to be executed under a Public Private Partnership (PPP) model, based on a design, build, finance, operate, and transfer (DBFOT) framework, allowing for a 35-year concession period extendable by 25 years.

Following this approval, in September 2019, a consortium comprising TRIL Urban Transport (a unit of Tata Realty and Infrastructure) and Siemens Project Ventures GmbH was awarded the project. This consortium, the sole bidder, established a special purpose vehicle named Pune IT City Metro Rail (PITCMRL) to carry out the project.

Of the total VGF sought by the Tata-Siemens consortium, the Central government will contribute Rs 12.248 billion as a grant, while the remaining Rs 11.262 billion will be funded by the Maharashtra government.

Construction work commenced in December 2021, and the project is slated for completion within 40 months, with operational readiness expected by March 2025.

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..