Group Five wins R1.8bn contract

Posted On Tuesday, 03 July 2007 02:00 Published by
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Group Five has won a R1.8bn contract from Transnet to upgrade Durban's harbour
Group Five has won a R1.8-billion contract from Transnet to widen Durban's harbour by 100 metres and to increase the depth by six metres, it said.

Working with Belgian company, Dredging International, Group Five Civil Engineering is responsible for the civil portion of the contract, valued at 1.1 billion rand.

\"We are very pleased with this contract, which was won against international competition. We believe our previous marine civils experience, such as the Moma Jetty in Mozambique and the dry bulk terminal jetty in Richards Bay, played a role in us being the winning bidder,\" said Group Five's managing director of the civil engineering operations, Andrew McJannet.

Group Five's partner on the project, Dredging International, has despatched a new, hi-tech dredger capable of moving 5 000m of rock and silt per hour from Belgium to achieve the seven million cubic metres that will be moved over the next two years.

\"This is the third major contract in Kwazulu-Natal awarded to the group since the beginning of 2007. We have already started on the 2010 Durban soccer stadium, in consortium with WBHO and Pandev, and have recently signed the contract for the 6.8 billion rand King Shaka Airport, in which Group Five is the lead contractor for the Ilembe Consortium which includes WBHO and the KZN Empowerment Group,\" said Group Five's CEO Mike Upton.

Work on the harbour has started, with the demolition of existing land structures and the establishing of a pre-cast concrete yard close to the site where the blocks required for the contract will be cast. The contract is due for completion in May 2010.

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