Raubex secures second Zambia road upgrade contract
JSE-listed Raubex was set to upgrade 117 km of the Mpika-Nabwalya-Mfuwe road, in north-eastern Muchinga, in Zambia, after securing the ZK540-million (nearly R940-million) 30-month contract.
Mobilisation for the contract, which formed part of the Zambian Road Development Agency’s Zambia Link 8000 project, would kick off in July, Raubex CEO Rudolf Fourie said in a statement on Monday.
The Link Zambia 8000 project, launched in 2012, was a five-year, $5-billion to $6-billion initiative aimed at upgrading 8 000 km of road network, linking provinces nationwide.
The latest contract came a month after Raubex was awarded a ZK265-million (R460-million) contract to upgrade about 94 km of the Safwa to Chinsali road.
Raubex had started the site establishment for the Safwa-Chinsali 24-month contract, which is also in the Muchinga province.
“We are pleased to have secured these two contracts, which are in line with our plan to grow the group’s international order book, as we [ride] out the highly competitive conditions in the South African market,” he explained, pointing out that the Zambian contracts would support the performance of the Raubex Construction division over the next couple of years.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation