Rites emerges lowest bidder for Bangladesh Railways' project

Image
Capital Market
Last Updated : Apr 16 2021 | 3:16 PM IST
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

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 16 2021 | 3:04 PM IST

Next Story