Sycom Property Fund on Thursday reported headline earnings per linked unit of 148.38 cents for the year ended March 2010 compared with 131.82 cents a year ago.

Friday, 16 April 2010 02:00

Going nowhere fast

Line capacity has not been the problem

Wednesday, 06 January 2010 02:00

Two major 2010 construction projects on track

The new Livingstone Hospital accident and emergency centre and the Gelvandale training stadium are nearing completion.

There will be three sources of power at the Nelson Mandela Bay stadium in Port Elizabeth during the Soccer World Cup next year, the NMB 2010 director said.

Monday, 15 June 2009 02:00

Strong CDC campaign in Europe

The Coega Development Corporation has embarked on an aggressive promotional campaign across Europe.

Wednesday, 10 June 2009 02:00

All systems go for 2010 World Cup

With one year to go, stadiums are nearly ready for the greatest sporting spectacle in the world.

Wednesday, 17 September 2008 02:00

The ball is rolling at PE‘s 2010 stadium

The stadium, next to North End Lake, is set to meet its Fifa completion deadline.

Wednesday, 04 June 2008 02:00

Eastern Europe-focused fund to list

New Europe Property Investments (NEPI), which focuses on eastern Europe, will be taking a secondary listing on the JSE’s AltX next month

Wednesday, 05 December 2007 02:00

Group Five wins road tender in Hungary

Construction company Group Five announced that its infrastructure concessions business, intertoll, was part of a consortium that had been awarded the R11 billion M6 Phase 3 Motorway Project in Hungary.

Construction IndustryIntertoll held 10% of the concession company and would lead the operations and maintenance activities for the project, it said.

Revenue was expected to start flowing through to Intertoll from the beginning of next year, with full-scale operations beginning in 2010.

Intertoll’s partners on the project are Strabag of Germany, France’s Colas and John Laing Infrastructure from the UK.

The 78km dual carriageway project includes the construction and maintenance of 55 structures and four tunnels totalling more than 3km. The 30-year concession project reached financial close on November 21.

Intertoll was part of Group Five’s infrastructure concessions business and offers toll system design, procurement, implementation and operation, together with related services such as routine road maintenance.

The business has equity interests in two other service concessions in Eastern Europe and operates toll roads in SA.

“Since joining the European Union in 2004, the transit traffic through Hungary from Romania and Bulgaria has increased more than 30%.

Hungary has ambitious plans to develop its road infrastructure under an aggressive timeline, and the M6 Phase 3 is an important part of this plan,” said head of Group Five Infrastructure Concessions Eric Vemer.

Vemer said that the project reinforced and added depth to Intertoll’s position in Hungary and the group’s growing profile in eastern Europe.

The project was tendered and closed in record time, with pre-qualifications announced in May, tenders submitted in September, the preferred bidder chosen in October and financial closure last month.

Group Five last month said it had further expanded its manufacturing and construction materials portfolio by acquiring Bernoberg, a small niche manufacturer of cement extender, for R32m.

Early this year, the group said that it planned to increase its revenue from R5,8 billion to R7,3 billion by the end of the 2008 financial year next June.

 

Tuesday, 27 November 2007 02:00

Crucial to plan for post-2010

These are issues that face all host cities, but traditionally not many have been proactive enough to address them in advance

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