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RAILWAY’S E6.5M INVESTMENT ADVISOR TENDER

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MBABANE – Vunani and Fingroup Consortium has been evaluated as the best tenderer to be appointed as an Investment Advisor for the Swaziland Railway.


The proposed contract price for the task at hand, whose proposed contract price stands at the E6.5 million, will officially be granted to the Vunani and Fingroup Consortium soon after the lapse of 10 working days.
In accordance with the Public Procurement Act of 2011, the 10 working days period has been allowed for any submission of an application for review.


The tender results reflect that the best evaluated tenderer amassed 84 per cent total evaluation score which was based on the 80 technical and 20 financial.
Vunani and Fingroup Consortium was closely followed by Swaziland Employee Benefit Consultants who scored 73.70 per cent overall score upon evaluation with a bid price of E8.3 million.


The Inhlonhla Swaziland and Quartile Capital Joint Venture (JV) were evaluated as the third best tenderer with an overall score of 71.28 per cent. The JV had submitted a bid valued at E8.6 million.
Meanwhile, three tenderers namely; Coeng, Umelusi Capital and Dimension Partners were disqualified and could not make it to the financial evaluation stage.


Swaziland Railway is a category A public enterprise established by the Swaziland Railway Act of 1963, with a mandate to provide and promote provision of efficient and adequate transportation of exports, imports and transit traffic rail in the Kingdom of Eswatini.


In the tender notice, it was explained that intends to invest in more capital projects such as rolling stock and infrastructure as per the strategic plan.
It was explained that the advisor would analyse, appraise and evaluate all Swaziland Railway capital projects as well as large cash investments.       

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