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updated 6:54 AM SAST, Mar 14, 2031
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Chinese funded infrastructure projects in Egypt have passed the US $7bn mark

Egypt has benefited to the tune of over US $7bn in infrastructure projects so far implemented by Chinese companies in the country.

Noteworthy construction projects in the pipeline in Egypt planned by China are:

the second phase of the New Administrative Capital of Egypt’s CBD worth US $3.5bn

a petrochemical plant that will cost US $6.1bn;

In addition, China has its eye on a water storage station worth US $2.7bn and;

a coal power plant.

Chinese companies taking part in the development of Africa’s infrastructure have drawn praise and condemnation in almost equal measure from local construction industry players.

In an ongoing poll on whether the good outweighs the bad, those feeling that the Chinese are doing more harm stand at 50% while those thinking otherwise stand at 37%. The rest are not sure.

From the comments of those polled, it seems more a fear than a reality with some feeling that Africa is undergoing a new age of colonization this time from the East with many similarities to the European colonization of Africa. A widely-held belief is of unmanageable debt levels being reached that will drive Africa into servitude, an invasion of Chinese workers and products and a conduit for regimes to siphon off money from ill-conceived white elephant projects.

Worker discontent is often rampant along with accusations of discrimination and a failure to train and transfer skills to locals.

Recently however, CSCEC the Chinese company involved in the construction of the New Administrative Capital committed to train 10,000 local workers in an effort to allay concerns regarding the transfer of skills.

  • Published in News

Group Five pays $43m of Cenpower’s claim, contractual dispute continues

JSE-listed construction company Group Five announced on Tuesday that $43.8-million had been paid by its guarantee providers to Cenpower.

Payment was made on the basis of the legal requirements on on-demand bonds and not on the merits of the contractual claims presented by the client, Group Five stated in an update to shareholders.

Last week, Group Five had been informed of a new claim of $60.5-million from Cenpower, which in November terminated its contract with Group Five for the construction of the Kpone gas and oil-fired combined cycle power plant project, in Ghana.

The new claim represented the client’s evaluation of the costs to be incurred to complete the works on the contract, as well as amounts relating to the recoupment of estimated losses and damages the client believed it incurred as a result of delays on the project.

The new claim followed a previous claim to Group Five’s bank guarantee providers in November for $62.7-million to be paid for contract delay damages at Kpone. Group Five has been in discussions with its legal advisers and senior counsel, as well as its bank guarantee providers, regarding the claim and is considering available legal options.

The company “strongly” disputed the amount claimed, stating that the client had confirmed that the construction of the plant was complete, with only testing and commissioning left to be performed.

Group Five said it could not complete the testing, alleging that the fuel provided by the client was contaminated. Group Five said its legal advisers believe the company has merit and a reasonable prospect of recovering payment from the client.

Group Five has submitted the dispute to the International Chamber of Commerce, in Paris, for resolution, since it is a quicker process than arbitration. The first disputes were expected to be completed in early 2019.

  • Published in News

Bigen awarded Level 1 BBBEE rating

Solutions-focused infrastructure development group Bigen has been rated a Level 1-compliant company in terms of the Broad-Based Black Economic Empowerment (BBBEE) Act Codes of Good Practice.

  • Published in News

ICRI Award of Excellence Press Release

On the 9th of November 2018, for the first time in 21 years, a South African Company won the Award of Excellence at the International Concrete Repair Institute (ICRI) Awards, which took place in Omaha, Nebraska, USA.

The Award of Excellence was presented to Sanika Waterproofing Specialists for their professional concrete repair and waterproofing of the Anglo American Coal mine ventilation shaft at Goedehoop Colliery in Mpumalanga, South Africa.

The ICRI is an industry body consisting of world-renowned engineers, architects, manufacturers and contractors who host an annual awards ceremony to honour and recognise outstanding projects in the concrete repair industry with over 50 project entries per year.

This as a huge boost for the South African concrete repair and rejuvenation market as it has shown South African companies as a formidable force in the international concrete repair industry.

With approximately 7000 litres of water flooding into the shaft per minute through numerous cracks up to 300mm wide, the potential safety hazard and possible failure of the structure, if this was not treated, was indisputable and therefore an immediate permanent solution had to be found to remedy this massive ingress of water.

Numerous products were tested and failed due to the enormous extent of water pressure that forced itself across the 9m diameter shaft.

Not many products or applications in the market are able to be applied on the negative side against such pressures. Together, Sanika’s professional expertise and Kryton’s Concrete Waterproofing repair and rejuvenation products, they were able to successfully waterproof and stop the ingress of water. Furthermore the structural integrity of the shaft was maintained and thus durability improved.

The crystalline technology penetrates crystal growth deep into the concrete mass, transforming the concrete itself into a waterproof barrier and resulting in a dry, safe and useable shaft. Kryton crystalline technology can withstand 14 bar (140m) of negative pressure, self-heals cracks up to 0.5mm and drastically decreases water permeability of the concrete.

Sanika Waterproofing Specialists are honoured and feel privileged to be involved with such a project and this prestigious award.

For more information on this project, contact Sandor Dowling, Tel: +27 11 425 3061 / www.sanika.co.za

  • Published in Events
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