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Punjab Power Development Board (PPDB), Pakistan, has issued an Invitation for Prequalification of contractors for Engineering, Procurement and Construction (EPC) of a proposed 135 mw Taunsa hydropower project at Taunsa barrage Muzaffargarh, Punjab. Tendersontime, a leading business information provider is the first agency to report this development.

To meet the energy shortages, the Govt. of Punjab, Pakistan has been mandated to implement, operate and maintain power plants, and has hence got on to fast track the implementation of this hydro power project. EPC contractors will be prequalified by the Energy Department, and the scope of the works includes Engineering Design, Manufacturing, Supply, Erection, Construction of Works/Facilities, testing and commissioning on EPC basis. The Energy Department therefore invites eligible local and international firms or joint ventures to submit their applications on the prescribed format for pre-qualification. Read complete story at http://www.tendersontime.com/blog-detail/punjab-power-development-board-ppdb-pakistan-has-issued-invitation-procurement-proposed-135-mw-t-1590.php

Ministry of works, Government of United republic of Tanzania, has issued a request for Expressions of Interest for consulting other services for the Dar Es Salaam Bus Rapid Transit System Project. Tendersontime, a leading business information provider is the first agency to announce this development.

The Government of the United Republic of Tanzania has received loans from the African Development Bank (AfDB) and the African Growing Together Fund (AGTF) to finance the project. Part of these funds is appropriated towards the payment for the consultancy services. Read complete story at http://www.tendersontime.com/blog-detail/the-united-republic-of-tanzania-brts-consultancy-1589.php

The Katmandu Metropolitan City (KMC) is promoting an Integrated Sustainable Solid Waste Management Project in Nepal. Tendersontime, a leading business information provider is the first agency to announce this development.

European Union along with the technical support of Himalayan Alliance for Climate Change (HIMCCA) has provided a grant to Kathmandu Metropolitan City (KMC) towards the cost of Promoting integrated sustainable solid waste management project in Nepal. Read complete story at http://www.tendersontime.com/blog-detail/promoting-integrated-sustainable-solid-waste-management-project-nepal-1588.php

Dec 12, 2015: Tendersontime.com welcomes Japanese PM Shinzo Abe's visit to India, which is of economic and social importance to both countries. PM Narendra Modi’s Make in India Campaign is attracting serious attention from all over the world and hence this cooperation agreement between India and Japan will be a major boost to the PM’s campaign to garner investments in India. This will also create ample employment opportunities to the youth of India.

The most significant part of the visit has undoubtedly been India's first bullet train project between Mumbai and Ahmedabad, two thriving trade zones of India. As news reports indicate, Japan will be providing soft loans of about $12 billion for the same purpose. We would like to thank the Japanese government for their generosity in granting the loan for a period of 50 years, at an interest rate of 0.1% only. Tendersontime is indeed pleased with this news and wishes the Indian government well in this ambitious venture.  Read complete story at http://www.tendersontime.com/blog-detail/tendersontime-welcomes-japanese-pm-shinzo-abes-visit-1586.php

Lockheed Martin Aeronautics Company, a key division of Lockheed Martin Corporation, received a modification contract worth $122.1 million from the U.S. Department of Defense (DoD).

This latest contract award entailed the procurement of initial aircraft spares for the F-35 Lightning II Joint Strike Fighter (JSF) aircraft for the U.S. Marine Corps, U.S. Air Force, U.S. Navy and other international partners. Work under this contract is scheduled to complete by Dec 2016.

Development costs for the highly advanced and expensive F-35 JSF program are shared by the U.S. and its allies. As of Dec 31, 2013, the total estimated acquisition cost (the sum of development, procurement, and military construction costs) of the F-35 program was estimated at $323.5 billion. Read complete story at http://www.tendersontime.com/blog-detail/lockheed-wins-f-35-procurement-contract-4.php

KATHMANDU - The government has been working on a new Public Procurement Act in a bid to cut the red tape hindering public enterprises from competing with private companies with regard to purchasing products and technology.
Public enterprises like Nepal Telecom, National Trading and Nepal Food Corporation have been complaining that the complicated procedures of the existing Public Procurement Act have prevented them from making timely purchases while private companies surge ahead as they are unfettered by such rules.
In order to allow timely purchases, the proposed act has provisioned that public corporations competing with the private sector can buy whatever they need under their own Purchase Working Procedure after getting the go-ahead from the Public Procurement Monitoring Office (PPMO) that keeps a watch on public procurement. Read complete story at http://www.tendersontime.com/blog-detail/new-procurement-act-end-hassles-pes-5.php

An amount of one lakh crore will be granted with an ambition of smart cities. This plan was approved by the municipal bodies, state government and the Centre, of course. One hundred cities were selected for accomplishing this plan. According to the estimation of central government, a whopping of Rs. 4 lakh crore of funds will be infused chiefly via private loans and investments from multilateral institutions among various other service  sources. The Asian Development Bank and the World Bank are approached by the Union government for a loan of 500 million pound and 1 billion pound each from 2015 to 2020.Read complete story at http://www.tendersontime.com/blog-detail/fund-raising--the-way-make-smart-cities-1585.php