India’s High Commissioner to Guyana Dr K J Srinivasa today clarified that the company that entered the winning bid for the Ogle to Eccles four-lane highway had offered a 5% discount within its bid and this therefore made it the lowest bidder for the project and not the highest as reported in today’s Sunday Stabroek.
The Sunday Stabroek had reported based on the figures available to it that Ashoka Construction Company had bid the highest. The newspaper had not been advised of the 5% discount prior to publication of the news item.
Ashoka Construction Company and two other Indian companies – Afcons and Dineshchandra R. Agrawal Infracon Pvt. Ltd (DRAIPL) – had tendered for the project, which is being financed through a line of credit from the Indian Exim Bank.
