Bids opened for Tema, Sekondi-Takoradi roads

Bids for the rehabilitation of the Tema and Sekondi-Tarkoradi urban roads were opened on Friday at the Castle under auspices of Mr Kwadwo Mpianim, Chief of Staff.

Three companies, Razel, COLAS and Sonitra are bidding for the job, which is to be funded by the French Aid Agency, Agence Francaise de Developpement. Their bids are 21,145,820.35 Euro, 19,148,091.85 Euro and 17,035,030.89 Euro respectively with net tax inclusive.

All the bidders have 50,000 Euros each as bid security with various financial institutions and a contract period of 18 months.

Mr Mpianim said that opening of the bids was the beginning of the process. They would be forwarded to consultants who would eventually select a winner.

He said low bids are not necessarily a requisite for choosing a contractor and advised the public not to jump to conclusions.