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PRESS RELEASE - 3rd March 2024
STATEMENT REGARDING ALLEGATIONS REGARDING TENDER PROCESS

PRESS RELEASE - 3rd March 2024

The Seychelles Investment Board (SIB) is concerned about the allegations being made with regards to the tender process for the Victoria Waterfront Development project. We affirm that the process and subsequent evaluation were done in compliance with the relevant procedures under the Procurement Act. The evaluation of the project bids was conducted by an independent Evaluation Committee consisting of both public and private sector representatives.

 

In line with the Procurement Act, any aggrieved bidder who has not been successful has the right to appeal against the decision by Wednesday, March 6, 2023, as per the letter issued to them. Henceforth, their appeal will be heard by an independent Investment Appeals Panel.

 

SIB assures its commitment to uphold transparency and fairness in all its procedures. We look forward to the completion of this project and a more vibrant Victoria.

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