Oct 28, 2009
Daily podcast – October 28, 2009Back
Construction|Johannesburg|Africa|Airbus|Cable|Denel|Eskom|Gautrain|Industrial|PROJECT|Africa|South Africa|ZAR|Gautrain|Tambo International Airport|Gautrain|Gautrain|Jack Van Der Merwe|Rail|A400M|Cable
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Wednesday, October 28, 2009.
From Creamer Media in Johannesburg, I'm Shannon de Ryhove.
Making headlines today:
Some disputes have arisen on variations to construction work on the 25,4-billion-rand Gautrain project between the Gauteng government's Gautrain Management Agency (GMA) and the Bombela consortium, which is responsible for building the rapid-rail link.
GMA CEO Jack van der Merwe says that there have been around 20 variations on the work Bombela had to do since the signing of the contract and the start of construction in 2006.
Van der Merwe says it has disputes remaining around 10% of these variations, having resolved 90% of the cases.
He says it is highly likely that it will turn to arbitration to resolve the remaining claims.
Van der Merwe didn't want to divulge the money involved.
He adds that the disputes won't affect the project's progress, with the first phase between Sandton and the OR Tambo International Airport due for completion next year.
The Medium Term Budget Policy Statement indicates that the charge, which is still subject to verification, relates to "DSA's failure to meet performance targets as part of the 2004 acquisition of eight A400M aircraft".
The revised expenditure estimate also comes amid claims and counterclaims surrounding the cost of the aircraft.
Also making headlines:
South Africa's National Treasury supports higher Eskom tariffs.
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines (150 word limit)
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