– The managing director of the Nigerian Railway Corporation has disclosed that over 1000 companies bid for the 17 projects available at the corporation
The managing director of the Nigerian Railway Corporation (NRC), Mr Fidet Okhiria on Tuesday said that over 1,000 companies bid for 17 categories of projects available for the 2017 capital projects of the Nigerian Railway Corporation.
He said this through Mr Niyi Ali, Director of Operations, who represented him at the formal opening of bids for the projects in Lagos. The event held at Ebute Meta head office of the NRC was witnessed by representatives of firms bidding for the contracts.
The event which was held at the Ebute Meta head office of the NRC was witnessed by representatives of firms bidding for the contracts.
Mr Okheria said the method of open bidding was done in order to ensure that the best firms get to execute the projects, which were meant for the 2017 fiscal year.
He also said that the open bidding process was in line with the Procurement Act of 2004, adding that it would be transparent and promised to be fair to all bidding firms.
He listed some of the projects as the procurement of tools, equipment and materials for emergency repairs and maintenance of tracks; renovation/upgrade of railway stations and other buildings together with associated facilities (nationwide); procurement of locomotives, coaches, wagons, railway inspection vehicles and cranes (narrow gauge and/or standard gauge); procurement/rehabilitation and installation of equipment for mechanical/electrical, security, printing, operations, civil and ICT facilities; and generation of alternative revenue for the corporation, insurance services, among others.