(20 second reading) RITES signed a contract agreement for supplying 200 passenger carriages to Bangladesh Railways.
The export arm of Indian Railways said that the order is worth Rs 915 crore and is funded by European Investment Bank through a global competitive bidding process.
The contract has a supply with a commissioning period of 36 months, followed by a warranty period of 24 months. This isn’t the first time that the company has contributed to Bangladesh’s infrastructure development. Previously, it had supplied 120 passenger coaches, 36 locomotives and 10 10-meter gauge locomotives to Bangladesh Railways.