Friday, 21 Jun, 2024

Business

Indian Railways' RITES to supply 200 coaches to Bangladesh

News Desk | banglanews24.com
Update: 2024-05-21 12:03:29
Indian Railways' RITES to supply 200 coaches to Bangladesh

RITES Limited, a leading engineering consultancy firm, on Monday signed a contract agreement for supplying 200 broad gauge passenger carriages to Bangladesh Railways.

The export arm of Indian Railways, RITES has won the USD 111.26 million (approximately Rs 915 crore) contract, funded by the European Investment Bank (EIB), through a global competitive bidding process, as per a company release.

As per the terms and conditions of the contract, besides supply, RITES will offer its expertise in design, spare parts support, and training. The contract has a supply with a commissioning period of 36 months, followed by a warranty period of 24 months.

This deal aligns with the vision of 'Make in India, for the World'.

RITES has been an 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.

The company has experience spanning over five decades and has undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and the Middle East region.

Source: Zee Business

BDST: 1203 HRS, MAY 21, 2024
MN/SMS
 

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.