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RITES Bags USD 9.71 Million Highway Upgrade Project in Guyana

RITES Bags USD 9.71 Million Highway Upgrade Project in Guyana

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.

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