Rites emerges lowest bidder for Bangladesh Railways' project -

Rites emerges lowest bidder for Bangladesh Railways’ project

Rites has emerged as the lowest bidder during competitive bidding process by Bangladesh Railways for ‘Construction of Dual Guage Railway Line from Bogura to Shahid M. Mansur Ali station of Bangladesh Railway’.

This is 80 KM long green field project and it has two phases: 1) Preparation of DPR and 2) Construction supervision.

Duration is 13 months for Phase 1 and 30 months for Phase – 2. The project is funded by Exim Bank of India under LOC.

Total Fee Income would be about Rs. 63 crore and signing of Contract is expected to take place soon.

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link

Subscribe to Infrabuddy Newsletter