Aveng, Sanral at war

  • 📰 City_Press
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

Another showdown is looming between the SA National Roads Agency Limited and the Aveng-Strabag joint venture over the construction of the R1.6 billion Mtentu megabridge in the Eastern Cape, which forms part of the N2 Wild Coast road, by LubabaloNgcukan

Another showdown is looming between the SA National Roads Agency Limited and the Aveng-Strabag joint venture – comprising European construction company Strabag and its South African partner in the joint venture, Aveng – over the construction of the R1.6 billion Mtentu megabridge in the Eastern Cape, which forms part of the N2 Wild Coast road.

“We welcome the court judgment. It helps us as government because we were worried that starting the process afresh would have taken a lot of time and delayed us more in terms of the planned time to deliver. Interventions were effected by provincial premier Phumulo Masualle and various MECs, who visited the volatile area.

He said Aveng-Strabag had launched the urgent interdict to prevent Sanral from exercising its right to access the securities that were contractually provided for this project. And, he said, Aveng-Strabag wanted to restrain Sanral from claiming performance and retention monies, which are standard provisions in large construction and engineering contracts such as this one.

“The ASJV’s action has placed the entire project in jeopardy. We acted in the best interest of the community, the region and the country when we opposed its application, and our position has now been vindicated by the judgment,” said Mona.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Aveng joint venture to appeal against court ruling on Mtentu bridge disputeContractors insist termination of project was on account of reasons beyond their control
Source: BDliveSA - 🏆 12. / 63 Read more »

Aveng joint venture to appeal against court ruling on Mtentu bridge disputeContractors insist termination of project was on account of reasons beyond their control The ruling is ridiculous and will be reversed.
Source: BDliveSA - 🏆 12. / 63 Read more »