http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.22Change: -0.23
R/$ = 11.16Change: -0.09
Au 1240.10 $/ozChange: -4.17
Pt 1243.50 $/ozChange: -18.70
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Feb 26, 2007

Proposed R2bn Richards Bay dry dock plagued by delays

Back
Construction|Richards Bay|Africa|Development Bank Of Southern Africa|Imbani Projects|Industrial|Industrial Development Corporation|Ports|PROJECT|Projects|Transnet|Africa|China|Singapore|South Africa|Richards Bay Dry Dock|Richards Bay|Environmental|National Ports Authority|Denny Moffat|Ebenezer Moahloli
Construction||Africa|Industrial|Ports|PROJECT|Projects|Transnet|Africa||||Environmental||
construction|richards-bay-city|africa-company|development-bank-of-southern-africa|imbani-projects|industrial|industrial-development-corporation|ports|project|projects|transnet|africa|china|singapore|south-africa|richards-bay-dry-dock|richards-bay|environmental|national-ports-authority|denny-moffat|ebenezer-moahloli
© Reuse this A South Africa-China consortium of companies, led by black-owned Imbani Projects, which is to build a R2-billion ship-repair facility at Richards Bay, hopes to finalise the lease agreement by the end of March, and begin construction in the secondhalf of the year, it said on Monday.

“We got the draft lease agreement and have commented on it and sent it back to the National Ports Authority (NPA),” Imbani Projects COO Ebenezer Moahloli said in a telephone interview. “The next move will be for all the relevant parties coming together, and their lawyers meeting with our lawyers to flesh it out.”

The Imbani Consortium, which was selected as the preferred bidder for the dry dock, was, however, reluctant to conduct a detailed geotechnical study on the project until it had a level of commitment from the NPA to the go ahead with the project.

The consortium was, therefore, seeking to sign a memorandum of understanding with the NPA, indicating that it planned to go ahead with the project.

“This will give us a level of comfort to put money into carrying out the relevant studies,” Moahloli stated. “We are working towards some sort of agreement.”

The group of companies, comprising three from South Africa and three from China, would then conduct the environmental-impact assessment and the feasibility study.

He hoped that this would be finalised by the end of March.

Site preparation and construction would then begin in the second half of this year.

“We're still working with a rounded figure of R2-billion,” he added.

Singapore visit “impresses” funders
Meanwhile, Moahloli said that Imbani representatives had visited dry docks in Singapore with officials from the Department of Trade and Industry, as well as possible funders for the project, the Industrial Development Corporation and the Development Bank of Southern Africa, who were all “very impressed” in the training programmes in a shipyard, as well as the various categories of employment. "They were very impressed with what they saw and all the visitors felt it was a good project for Richards Bay and the country as a whole," statead Moahloli.

Richards Bay mayor Denny Moffat also went on the trip.

“They are all very supportive of the proposed Richards Bay dry dock,” Moahloli enthused.

Imbani had originally hoped to have sealed the deal in June, and to have begun construction at the end of last year, but Moahloli said that extended negotiations between the consortium and the NPA had delayed this.

Both the NPA and its parent company, Transnet, signed off the consortium's proposal as long ago as May 2005.

The NPA was not immediately available for comment on Monday.

Edited by: Matthew Hill
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
A former employee of the Manufacturing, Engineering and Related Services Sector Education and Training Authority (Merseta) and his accomplice have each been sentenced to 20 years imprisonment after being found guilty of fraud by the Specialised Commercial Court, in...
The Richards Bay Bulk Terminal, in KwaZulu-Natal, loaded 1.49-million tons of cargo in September, exceeding its monthly target of 1.32-million tons, Transnet Port Terminals (TPT) said on Monday. TPT said the reaching of vessel targets ahead of deadline created...
Judge Dennis Davis
The revenue implications for South Africa of ‘base erosion and profit shifting’ by corporate taxpayers are firmly in the crosshairs of the Davis Tax Committee (DTC) and Judge Dennis Davis hinted on Monday that recommendations were being considered to “detect and...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
The broad-based black economic-empowerment (BBBEE) alignment process in the con-struction sector has begun, dur-ing which the sector codes of the Construction Sector Charter Council (CSCC) will be aligned with the revised Codes of Good Practice (CoGP), which come...
It is second time lucky for Toby Venter. Ten years ago he negotiated to buy the Kyalami racetrack, but “the deal did not materialise”.
Environmental solutions company I-Cat started construction work on its R22-million, 1 949 m2 environmentally sustainable office and warehouse facility, commissioned by I-CAT Environmental Solutions, at a launch event in October. The new sustainable I-CAT campus,...
IAN EVANS AirWatch file synchronisation and sharing system was initially designed for a large airline company
Effective file synchronisation and sharing across an organisation’s structures can provide the basis for robust mobile-device and document management while maintaining proper backup, version control and content distribution. These are the lessons learned by complex...
Hotel group Carlson Rezidor currently holds the largest hotel pipeline in Africa with 30 hotels and 6 300 rooms under development. The hotel group develops and operates Radisson Blu in the upper upscale segment and Park Inn by Radisson in the mid-market segment. With...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks