The BNSC board chairperson, Marumo Morule, said a detailed geotechnical investigation was undertaken and the recommendation is that the site is not suitable for the construction of a filling station business. “We have entered into an agreement with a developer for the construction of the filling station and a drive-through forecourt. We are currently working with the developer to assess an alternative site,” he said. Morule said the commission has identified a developer for the construction of the BNSC head office through the Public Private Partnership (PPP) model.
He said the project is at the contract negotiation stage, for a building that will house the secretariat, some National Sport Associations (NSA) as well as space for lease, for revenue generation purposes. Morule said the BNSC will contribute land as equity to the project and a Special Purpose Vehicle (SPV) will be formed by the parties to develop the project. An SPV is a separate legal entity that is created for a specific business purpose or activity. SPVs are often used to manage investment in a particular project, such as in early-stage real estate. Morule told MmegiSport that they have consulted and continue to consult all stakeholders and the initiatives are a result of the ongoing engagements. “Kindly note we do not have funds for the development of these projects, we are seeking development partners. The diversification therefore is part of our income generation plans of expansion,” he said. Meanwhile, Morule said the BNSC board would like to increase and improve engagement with the NSAs without interfering with the existing protocols. “This initiative will allow all board members to engage and interact with the NSAs and collectively our contact hours will increase,” Morule said.
