RITES consortium secures Bangladesh rail project
RAILWAYS & METRO RAIL

RITES consortium secures Bangladesh rail project

Engineering consultancy services PSE Rail India Technical and Economic Service Ltd (RITES)-led consortium emerged as the lowest bidder for the construction of the dual gauge railway line from Bogura to Shahid M Mansur Ali station of the Bangladesh Railway.

Export-Import (EXIM) Bank of India had invited project management consultants for the construction of a dual gauge railway line from Bogra to Shahid M Mansur Ali Station—79.30 km dual gauge main and 11.35 km dual gauge loop line in Bangladesh.

Scope of work under the project includes consultancy services for updating feasibility study, detail engineering design, mathematical modelling, tendering services and construction supervision, services during defect liability period, conducting detail topographic and hydrographic survey, identifying possible alternative alignments, recommending the best suitable alignment for the project, among other works.

This is an 80 km long greenfield project with two phases—the first phase involves the preparation of a detailed project report (DPR), and the second phase involves construction supervision. Duration for the project is 13 months for phase-1 and 30 months for phase-2. EXIM Bank of India is funding the project under Line of Credit.

Total fee income would be about Rs 63 crore, and signing of contract is expected to take place soon, the company said.

RITES is a Miniratna category-1 schedule 'A' public sector enterprise (PSE) and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31 December 2020, the Indian government held a 72.2% stake in the company.

Image Source


Also read: Gurugram firm Egis secures Dhaka metro design contract

Also read: Indo-Bangla railway project to be over by this March

Engineering consultancy services PSE Rail India Technical and Economic Service Ltd (RITES)-led consortium emerged as the lowest bidder for the construction of the dual gauge railway line from Bogura to Shahid M Mansur Ali station of the Bangladesh Railway. Export-Import (EXIM) Bank of India had invited project management consultants for the construction of a dual gauge railway line from Bogra to Shahid M Mansur Ali Station—79.30 km dual gauge main and 11.35 km dual gauge loop line in Bangladesh. Scope of work under the project includes consultancy services for updating feasibility study, detail engineering design, mathematical modelling, tendering services and construction supervision, services during defect liability period, conducting detail topographic and hydrographic survey, identifying possible alternative alignments, recommending the best suitable alignment for the project, among other works. This is an 80 km long greenfield project with two phases—the first phase involves the preparation of a detailed project report (DPR), and the second phase involves construction supervision. Duration for the project is 13 months for phase-1 and 30 months for phase-2. EXIM Bank of India is funding the project under Line of Credit. Total fee income would be about Rs 63 crore, and signing of contract is expected to take place soon, the company said. RITES is a Miniratna category-1 schedule 'A' public sector enterprise (PSE) and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31 December 2020, the Indian government held a 72.2% stake in the company. Image Source Also read: Gurugram firm Egis secures Dhaka metro design contract Also read: Indo-Bangla railway project to be over by this March

Next Story
Infrastructure Urban

USA Mortgage Rates Reach 6.95%

In July 2024, the average mortgage rate in the USA rose to 6.95%, marking a significant increase and impacting homebuyers nationwide. This upward trend in mortgage rates is attributed to several economic factors, including inflationary pressures, shifts in the Federal Reserve?s monetary policy, and broader market dynamics. The rise in mortgage rates presents challenges for potential homebuyers, making borrowing more expensive and potentially slowing down the housing market. Higher rates can lead to increased monthly payments for homeowners, reducing affordability and potentially deterring new ..

Next Story
Real Estate

Toronto Home Sales Increase 4.2%

In June 2024, home sales in Toronto experienced a notable rise, increasing by 4.2% compared to the previous month. This growth highlights a positive trend in the Toronto real estate market, indicating robust buyer activity and a favorable environment for sellers. Several factors contribute to this uptick, including attractive mortgage rates, strong demand for housing, and a stable economic backdrop. The Toronto Regional Real Estate Board (TRREB) reported this increase, pointing to heightened buyer confidence and competitive market conditions. Despite rising interest rates in other parts of Nor..

Next Story
Real Estate

New Zealand Boosts Home Construction

New Zealand is set to implement regulatory changes aimed at boosting home construction to address the nation's housing shortage. The government plans to streamline building consent processes, reduce construction costs, and increase the supply of affordable housing. This initiative is part of a broader strategy to make housing more accessible and alleviate the pressure on the housing market. Key elements of the regulatory overhaul include simplifying the approval process for new housing projects and reducing bureaucratic hurdles that often delay construction. By cutting red tape, the government..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram