Home»News»Investigations»Govt blows a billion in project cost overuns

Govt blows a billion in project cost overuns

0
Shares
Pinterest WhatsApp

Government has spent close to P1 billion in cost over runs  of road construction projects in the past 10 years,  Minister of Transport and Communications Tshenolo Mabeo told parliament on Monday.  The   construction sum of all the 53 projects was over P4 billion ( P4, 353,418, 095.56), with the final sum  paid amounting to over P5 billion ( P5,122,569, 599.86)  thereby  resulting in cost over runs of close to P800 million.
The highest project was  awarded to Sinohydro at a value of P545,259,873.09 for the construction of Kang-Hukuntsi road.  The final amount paid was P461,955,776.91 and the  project was completed.  The company   which accrued the highest cost over runs is CCC  at P244, 368, 096.96 in the construction of Western bypass-Metsimotlhabe road.   The contract sum was P400 ,387,923.15  and the final cost  was P644,756,020.09 with reasons advanced for the overrun being the extensive relocation of services.

Previous post

Trouble at Limkokwing as tensions rise

Next post

Shame on you JZ!