RITES Limited Wins $9.7 Million Highway Project in Guyana
RITES Limited Secures Major International Highway Project in Guyana
RITES Limited has won a significant international contract from the Ministry of Public Works, Government of the Co-operative Republic of Guyana. The project involves providing engineering services for the design, build, and finance of the Palmyra to Moleson Creek Highway (Lot 1-3).
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Key Highlights of the Order:
- Scope of Work: Engineering services for the design-build-finance upgrade of the Palmyra to Moleson Creek Highway (Lot 1-3).
- Project Duration:
- 36 months for pre-construction and construction.
- 24 months for the post-construction defect liability period.
- Contract Value: USD 9,713,470 (excluding taxes).
- Promoter Interest: RITES’ promoter, promoter group, or group companies have no involvement with the Ministry of Public Works, Guyana.
- Related Party Transaction: The contract does not qualify as a related party transaction.
This contract underscores RITES’ expertise in infrastructure development and represents a significant milestone in expanding its international footprint.