Magosi cancels SPEDU P1.2bn project

Magosi cancels SPEDU P1.2bn project
Magosi cancels SPEDU P1.2bn project

The Director General of Directorate of Intelligence and Security (DIS) Peter Magosi has finally mothballed the much-awaited SPEDU Industrial and Urban Agriculture Land Service project, a 3, 500-job creation initiative  that President Mokgweetsi Masisi highlighted with hope and vigour in his State of the Nation Address (SONA) in November 2020 as one of the major plans to deal with unemployment besieging the country.

The project has been divided into two phases and the P230.5 million Phase 1 works contract entails the provision of detailed designs of infrastructure, construction of road works, storm water drains, water reticulation, sewer pump stations, power reticulation, street lighting and telecommunications. Its period of performance is estimated to be 15 months with a 12 months defects notification period. The expected completion date of Phase 2 work contract was slated for March 2023 and was expected to create 3, 500 jobs with an investment of P1,2 billion.

Impeccable sources said on February 23, 2021 there was a meeting at Office of the President (OP) to discuss the works contract for the design and building of Phase 1 infrastructure in Bolelanato and Senwelo Industrial Sites in Selebi-Phikwe which was halted by the DIS last year.

Editor's Comment
Deficit relief must not invite complacency

“Financial freedom is more of ajourney than a destination.”– Rob BergerThe preliminary 2026–2027 budget deficit has been revised down to P9 billion, which is an equivalent to 3.1 percent of Gross Domestic Product (GDP). It is an improvement from the P26 billion or 8.9 percent of GDP projected in February.This P17 billion improvement is significant and deserves acknowledgement.Government’s restraint on non-essential expenditure, tighter...

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