The consortium of Tata Group firm TRIL Urban Transport and Siemens Financial Services arm Siemens Project Ventures GmbH has bagged a contract to develop a Metro Line in Pune.

“The consortium...has been awarded the contract by the Pune Metropolitan Region Development Authority to develop the Metro corridor from Hinjewadi to Shivajinagar,” a press statement said Wednesday.

Maharashtra Chief Minister Devendra Fadnavis handed over the Letter of Award to the consortium.

“The elevated metro line will originate from Hinjewadi Rajiv Gandhi Infotech Park, travel via Balewadi to Shivajinagar,” it said.

Hinjewadi is Pune’s fastest growing IT industrial hub providing employment to over 4,00,000 people.

The 23.3-km corridor with 23 stations will be the first metro project in India on public-private-partnership (PPP) model after the New Metro Rail Policy of 2017.

The construction is scheduled to commence by June next year and will be completed within a time span of three years.

Tata Projects will be the EPC partner supporting the consortium.