RITES Emerges as Top Bidder for Highway Upgrade Project in Guyana
RITES Limited has secured the top position (H-1 bidder) in a Quality and Cost-Based Selection (QCBS) evaluation for a major highway upgrading project in Guyana. The project involves providing engineering services for the design, construction, and financing of the Palmyra to Moleson Creek Highway (Lot 1-3). Following the final scrutiny and evaluation, RITES is set to receive the Letter of Acceptance from the Ministry of Public Works, Government of the Co-operative Republic of Guyana.
Key Highlights of the Project
Client:
Ministry of Public Works, Government of the Co-operative Republic of Guyana.Project Scope:
Comprehensive engineering services for the design, construction, and financing of the Palmyra to Moleson Creek Highway, covering Lot 1-3.Project Duration:
- Pre-Construction and Construction Period: 36 months
- Post-Construction Period (Defect Liability Period): 24 months
Contract Value:
USD 9,713,470 (excluding taxes), showcasing the scale and complexity of the project.Transparency and Ethical Compliance:
The sources confirm no involvement of RITES’s promoters, promoter group, or related parties with the awarding entity, ensuring a transparent and ethical bidding process.
This significant achievement underlines RITES’s capabilities in delivering world-class engineering solutions for international infrastructure projects. The successful completion of the project is anticipated to boost RITES’s global presence and foster further growth.