Basil Read in R2.7bn St Helena airport contract

Posted On Friday, 04 November 2011 02:00 Published by Commercial Property News
Rate this item
(0 votes)

Construction firm Basil Read says it has been awarded a contract to design, build, operate and transfer an airport on the Island of St Helena.

Marius Lodewucus Heyns Basil ReadConstruction firm Basil Read said on Thursday that it had been awarded a contract to design, build, operate and transfer an airport on the Island of St Helena.

The client was the Government of St Helena and the project would be funded by the Department for International Development (DFID), a department of the British Government.

Construction was set to take place over a 48-month period at a contract value of approximately R2.7 billion, the group said.

The operation of the airport would continue for a further period of ten years at a contract value of approximately R450 million.

The design phase of the contract is scheduled to commence immediately.

The Basil Read group's order book following this award was valued at R12.5 billion, it said.

By 14:09, shares in Basil Read had advanced 30 cents or 2.17% to R14.10 on the JSE

Last modified on Tuesday, 25 June 2013 00:38

Most Popular

Anuva Investments launch Section 12J hospitality fund with property partners Flyt Property Investment

Oct 18, 2019
Zane De Decker HR
Investment into Section 12J venture capital vehicles has seen a huge uptake over the last…

Fairvest to become fourth property company to list on A2X

Oct 30, 2019
DARREN WILDER
Fairvest Property Holdings, a real estate investment trust with a market cap of R2…

Property market ready for take-off as bond grants rise

Oct 18, 2019
BetterBonds Mortgage Monitor
Housing demand has continued to gain momentum since the start of the year and in the…

Significant shifts in the Winelands commercial sector

Oct 18, 2019
Caption Somerset West commercial
A decade of corporate semigration and decentralisation fuelled the Winelands commercial…

Equites Property Fund Interim Results

Oct 18, 2019
Andrea Taverna Turisan CEO Equites Property Fund
Equites Property Fund Limited (Equites) today announced distributable earnings for the…

Please publish modules in offcanvas position.