Magosi cancels SPEDU P1.2bn project
Wednesday, May 26, 2021
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.
While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...