New Delhi: RITES Limited, a leading engineering consultancy firm, on Monday signed a contract agreement for suppling 200 Broad Gauge (BG) passenger carriages to Bangladesh Railways.
The export arm of Indian Railways, RITES has won the $111.26 million (approx. Rs 915 crore) contract, funded by European Investment Bank (EIB), through a global competitive bidding process. As per terms & conditions of the contract, besides supply, RITES will offer its expertise in design, spare parts support and training. The contract has a supply with commissioning period of 36 months, followed by a warranty period of 24 months.
The agreement has been signed by officials of RITES and Bangladesh Railway in the presence of Bangladesh Railways' Minister Zillul Hakim in Dhaka on Monday.
The contract highlights the RITES's commitment to fostering the growth through the export of indigenously developed world class railway rolling stock, in line with the vision of ‘Make in India, for the World’.
RITES has been a old partner in Bangladesh’s path to infrastructure development. Earlier, it had supplied 120 BG Passenger Coaches (LHB type), 36 BG locomotives and 10 Meter Gauge locomotives to Bangladesh Railways, besides collaborating on other infrastructure projects.
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