First Business News Portal in English from Nepal
KATHMANDU: The tender process for the construction of Siddhababa tunnel along the Butwal-Palpa section of Siddhartha Highway has reached the final stage. Nine different companies had submitted technical proposals for the construction of Siddhababa tunnel.
The Department of Roads has shortlisted four out of the nine companies that had participated in the bidding process announced in May last year.
With the approval of the technical proposals of the four companies, the Department of Roads has now fixed a date for opening their financial proposals.
The Quality, Research and Development Center under the department has selected four companies and informed that the financial proposals will be opened next Wednesday, January 12.
According to the centre, all the four companies are Chinese companies. The companies whose technical proposals have been approved are China First Highway Engineering Corporation, COVEC-CREGC JV, China State Construction Engineering Corporation and CCECC-CRCC 14-Xiuan JV. One of these companies will be responsible for the construction after the financial proposal is approved.
The tunnel, to be constructed under the Engineering, Procurement Construction (EPC) model, is targeted to be completed within five years.
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