The Department of Transportation (DOTr) has clarified that the two shareholders of the Metro Rail Transit-3 (MRT-3) service provider, Busan Universal Rail, Inc. (BURI), had been disqualified to bid for any government projects. Under the rule, according to the DOTr, companies which contracts were terminated due to the
The Department of Transportation (DOTr) has clarified that the two shareholders of Metro Rail Transit-3 (MRT-3) service provider Busan Universal Rail, Inc. (BURI) had been disqualified to bid for any government projects.
Under the rule, according to the DOTr, companies which contracts were terminated due to the contractor’s fault would warrant the disqualification of that company to bid for any projects of the government.
The DOTr issued this clarification following reports that circulated on Monday regarding the qualification of BURI’s shareholders – Busan Transportation Corporation (Busan) and Edison Development and Construction (Edison) – to bid for the government’s three railway projects.
“BURI and its joint venture members, which include [Busan] and [Edison], are DISQUALIFIED from participating in the bidding of government projects, which is a consequence of the termination of BURI’s contract for the maintenance of MRT-3 due to poor performance and breach of contractual obligations, which took effect last 6 November 2017,” DOTr said in a statement issued Monday evening.
