#[email protected] | Authorised Financial Services Provider No. 17691wetpaintENABLING GROWTH WITHOUT RISKAmbitious Projects
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Name of the Project
Infinité apartments development.
Location
Bedfordview, Johannesburg, South Africa.
Client
Fatasy Property.
Project Description
The project involves the construction of a new
luxury ten-storey, 200-unit apartment building.
The development will feature underground
parking, modern security, a fitness centre, a
private pool and a clubhouse to host guests
and community events. The units will comprise
studios, one- and two-bedroom apartments,
garden units and loft penthouses.
Potential Job Creation.
Not stated.
Value
Not stated.
Duration
First sod was turned in April.
Latest Developments
The project is proceeding at pace.
Tri-Star Construction began piling works in
May and started its construction activities in
July. The main structure will be completed by
June 2018, while brick work will continue until
October. Completion is set for December 2018.
Key Contracts and Suppliers
Tri-Star Construction (construction contract)
and Afrisam (readymix concrete).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Fatasy Property, tel +27 11 830 0088,
fax +27 11 830 1150 or
email [email protected].Name of the Project
Albert Canal – Cluster 1 public–private
partnership.
Location
Flanders, Belgium.
Client
De Vlaamse Waterweg.Project Description
The Albert Canal connects the Port of Antwerp
with the Liège industry area. However, the
height and width restrictions of existing bridges
limit the canal’s potential to act as a major
transportation route. To accommodate bigger
container vessels, de Vlaamse Waterweg
plans to raise 32 bridges across the Albert
Canal to 9.10 m above canal level and
increase the canal width at the bridges.
The Albert Canal – Cluster 1 scheme com-
prises seven bridges located at Eigenbilzen,
Zutendaal, Stokrooie, Kwaadmechelen
Zwartenhoek, Eindhout, Geel-Stelen and
Herentals-Lier. The existing bridges will be
replaced by 120-m-tall steel arch bridges.
Potential Job Creation.
Not stated.
Value
€300-million.
Duration
Construction of the new bridges will be
completed in several stages, with the final
bridge scheduled to be completed by mid-
2020.
Latest Developments
Mott MacDonald has provided technical due
diligence for the lenders to support financial
close, including reviewing potential issues
arising from the design, environment and
construction and maintenance approaches.
The consultancy has also analysed possible
risks associated with project agreement, and
construction and operational subcontracts.
Throughout the next stages of the project, Mott
MacDonald will undertake construction and
maintenance monitoring services.
Key Contracts and Suppliers
Mott MacDonald (lenders’ technical adviser).
On Budget and on Time?
Not stated.
Contact Details for Project Information
De Vlaamse Waterweg, tel +32 11 29 84 00,
fax +32 11 22 12 77 or
email [email protected].Name of the Project
EB Campbell hydroelectric power station
refurbishment.Location
The project is located on the Saskatchewan
river, in Saskatchewan, Canada.
Client
SaskPower.
Project Description
The EB Campbell hydroelectric power station
was commissioned in 1963 and comprises
eight turbines, two of which were refurbished
eight years ago.
The project entails the refurbishment of the
remaining six turbines.
This includes model testing and the
replacement of six Francis turbine generator
sets, including auxiliaries and mechanical and
electrical balance of plant.
The Francis runners will have a diameter of
4 m and generate 35 MW each at a rated head
of 32 m.
Potential Job Creation.
Not stated.
Value
The contract is valued at more than
€90-million.
Duration
The first of the six units will be dismantled in
August 2019 and put back into operation in
July 2020. The remaining five units will follow
at a rate of one a year until 2025.
Latest Developments
Andritz has received a contract to refurbish the
hydroelectric power station.
Key Contracts and Suppliers
Andritz (power station refurbishment).
On Budget and on Time?
Not stated.
Contact Details for Project Information
SaskPower, tel +1 306 536 2886.Name of the Project
Polestar Production Centre.
Location
Chengdu, China.
Client
Polestar, Volvo Car Group’s electric high-
performance car company.
Project Description
The project entails the construction of a state-
of-the-art production centre for Polestar’s firstCOMING UP COMING UP
The Florida Department of Transportation
has awarded the construction contract for
the four-lane, Suncoast Parkway 2
(SR 589) limited access toll road project,
located in the US state of Florida. The
project is expected to take about two years
to completeThe Aneurin Bevan University Health
Board plans to build a 471-bed hospital
in Cwmbran, Wales. Grange University
Hospital will provide complex specialist and
critical-care treatment for more than
600 000 patients. The hospital is expected
to open in 2021PROJECTSIN
PROGRESS
By Sheila BarradasINFINITÉ APARTMENTS
DEVELOPMENTPOLESTAR PRODUCTION
CENTREEB CAMPBELL
HYDROELECTRIC POWER
STATION REFURBISHMENTALBERT CANAL
CLUSTER 1 PUBLIC
PRIVATE PARTNERSHIP