Grinaker group still hoping to build King Shaka airport

Posted On Wednesday, 18 April 2007 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

Construction firm Grinaker LTA was excluded from the bidding process to build the King Shaka airport in Durban because it could not commit to the black-economic empowerment procurement required by Airports Company of South Africa (Acsa)

Carl GrimConstruction firm Grinaker LTA, in which JSE-listed Aveng holds a 75% stake, was excluded from the bidding process to build the King Shaka airport, in Durban, because it could not commit to the 70% black-economic empowerment procurement required by Airports Company of South Africa (Acsa), the owner of the facility, as well as the performance bond required, Aveng said on Monday.

Speaking at a function at the firm’s head office, in Sandton, CE Carl Grim said, however, that Aveng, which headed the Indiza group, should have been allowed the opportunity to discuss these problems before being excluded from the bidding process.

The Group Five-WBHO-led Illembe consortium was awarded the contract, estimated to be worth as much as R5-billion.

“We represent a host of companies, small and big, that invested in the bid, which was unfairly adjudicated,” Grim emphasised.

He added that the submission of the Indiza group’s bid documents was supposed to have been followed by discussions, which did not occur.

Grim noted that Aveng had filed its claim, and that the review process was still underway, with no court date having been set yet.

Asked if the Indiza group was seeking compensation, or a chance to win the contract, Grim was quick to say: “We want to build the thing, it’s a big project”.

The King Shaka airport, which was to replace Durban’s existing international airport, would be the anchor component of the Dube Tradeport, which would also include a trade zone, with full customs and exise facilities and bonded areas.

Grim said that it was hoped for the airport to be completed before 2010.


Last modified on Saturday, 02 November 2013 14:19

Most Popular

Strong demand boosts Balwin as it claws back three months of no construction activity due to covid lockdowns

May 18, 2021
The Huntsman 2
JSE listed Balwin Properties, a developer that cares about environmentally responsible…

Construction kicks-off at the R500-million Boardwalk Mall

May 17, 2021
Architects presective of the exterior  of the Boardwalk Mall
Flanagan & Gerard Group and Emfuleni Resorts, a subsidiary of Sun International (JSE:…

Growthpoint leverages development prowess to re-imagine La Lucia Mall as a vibrant suburban mixed-use experience

May 17, 2021
Growthpoint Properties (JSE: GRT) is applying its development expertise to unlock…

Successful degearing and continued dividend payments has allowed Investec Property Fund to continue rewarding shareholders

May 19, 2021
Andrew_Wooler_IPF (1)
Investec Property Fund, (“IPF”, or “the Fund”) today announced a resilient set of…

Residential sectional title sales again on the rise

May 27, 2021
Over the past 15 years, the sectional title market in South Africa has become entrenched…

Please publish modules in offcanvas position.