State tender boost for contractors

11 November 2019 - 19:29Public-sector investment in road construction has returned to levels last seen before the 2010 World Cup after state-owned entities and government departments issued work worth billions of rand, according to construction group Raubex.

Raubex, the third-biggest construction group by market capitalisation, said road construction tenders, mainly from the SA National Roads Agency , had improved prospects in construction. “Sanral has published tenders to the value of R7bn. For two years there was nothing, and now R7bn. This is a start. They have said they are going to roll out about R40bn over the next five years. The Cape Town International Airport is also out for tenders. This is for the runway. We estimate that to be anywhere between R2.5bn and R3bn,” Fourie said.

“In total it is R17bn worth of work. To give you a feel, in the last two years, in a period like this, there was never more than R2bn worth of work. We hope to get part of that. This is a significant number and it is encouraging,” he said.

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