Indian Railways to supply 200 passenger coaches to Bangladesh! RITES Limited, an engineering consultancy company, has entered into a contract agreement to provide Bangladesh Railways with 200 Broad Gauge (BG) passenger coaches.
The contract, valued at $111.26 million (approximately Rs 915 crore), was secured by RITES, the export division of Indian Railways, through a competitive bidding process on a global scale.The project is being financed by the European Investment Bank (EIB).
According to the contract terms, RITES will not only supply the passenger coaches but also provide design expertise, spare parts support, and training. The contract includes a supply and commissioning period of 36 months, followed by a 24-month warranty period.
The agreement was signed by officials from RITES and Bangladesh Railway in the presence of the Bangladesh’s Minister of Railways Md. Zillul Hakim, in Dhaka on Monday.
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According to RITES, the contract underscores the company’s aim to promote growth through the export of indigenously developed, world-class railway rolling stock, aligning with the “Make in India, for the World” vision.
Prior to this contract, RITES had supplied Bangladesh Railways with 120 broad gauge passenger coaches (LHB type), 36 broad gauge locomotives, and 10 meter gauge locomotives. The company has also collaborated on various other infrastructure projects in Bangladesh.
The contract, valued at $111.26 million (approximately Rs 915 crore), was secured by RITES, the export division of Indian Railways, through a competitive bidding process on a global scale.The project is being financed by the European Investment Bank (EIB).
According to the contract terms, RITES will not only supply the passenger coaches but also provide design expertise, spare parts support, and training. The contract includes a supply and commissioning period of 36 months, followed by a 24-month warranty period.
The agreement was signed by officials from RITES and Bangladesh Railway in the presence of the Bangladesh’s Minister of Railways Md. Zillul Hakim, in Dhaka on Monday.
Also Read | Indian Railways’ big 100-day plan: Vande Bharat sleeper, bullet train, J&K rail project with Chenab bridge & more – check details
According to RITES, the contract underscores the company’s aim to promote growth through the export of indigenously developed, world-class railway rolling stock, aligning with the “Make in India, for the World” vision.
Prior to this contract, RITES had supplied Bangladesh Railways with 120 broad gauge passenger coaches (LHB type), 36 broad gauge locomotives, and 10 meter gauge locomotives. The company has also collaborated on various other infrastructure projects in Bangladesh.
