BSR
BSR
BSR - Basil Read Holdings Limited - Basil Read awarded contract to construct
Airport on ST Helena Island
Basil Read Holdings Limited- Voluntary Business Update
(Incorporated in the Republic of South Africa)
(Registration Number 1984/007758/06)
Share Code: BSR ISIN: ZAE000029781
("Basil Read" or the "company")
VOLUNTARY BUSINESS UPDATE
BASIL READ AWARDED CONTRACT TO CONSTRUCT AIRPORT ON ST HELENA ISLAND
Basil Read is pleased to announce that the company has been awarded the contract
to design, build, operate and transfer an airport on the Island of St Helena.
The client is the Government of St Helena and the project is being funded by the
Department for International Development (DFID), a department of the British
Government.
Construction is to take place over a 48-month period at a contract value of
approximately R2.7 billion. The operation of the airport will continue for a
further period of ten years at a contract value of approximately R450 million.
The design phase of the contract is scheduled to commence immediately.
The Basil Read group`s order book following this award is valued at R12.5
billion.
Johannesburg
03 November 2011
JSE Sponsor
Macquarie First South Capital (Pty) Limited
Date: 03/11/2011 14:01:05 Produced by the JSE SENS Department.
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