| Wed 18 Dec 2024, 17:19 | | SANRAL awards tenders worth R53 billion since beginning of financial year |
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SANRAL awards tenders worth R53 billion since beginning of financial year
The South African National Roads Agency SOC Limited
Incorporated in the Republic of South Africa
(Registration number 1998/009584/30)
Alpha code: BINRA
("SANRAL" or the "Company")
SANRAL Awards Tenders Worth R53 billion Since Beginning of Financial Year
Pretoria, 18 December 2024 – The South African National Roads Agency SOC Limited (SANRAL)
has awarded R53 billion worth of tenders across the country since the start of the current financial
year on 1 April 2024.
The tenders awarded are spread as follows:
Region Number of Value
tenders
Eastern Region (Free State and KwaZulu-Natal) 59 R10 billion
Northern Region (Gauteng, Limpopo, Mpumalanga, North 105 R29.7 billion
West)
Southern Region (Eastern Cape) 68 R6.7 billion
Western Region (Northern Cape and Western Cape) 76 R6.8 billion
Head Office 87 R221.9 million
TOTAL 395 R53 billion
SANRAL CEO Reginald Demana says the latest update on tenders awarded is a major boost for the
road construction industry.
"SANRAL's award of R53bn worth of tenders since 1 April 2024 is an exceptional achievement which
is a testament to our commitment to ensuring that we continue to grow the road construction sector.
SANRAL's injection of R53bn into the construction industry will significantly contribute to the South
African government's efforts to grow the economy and create jobs," said Demana.
"We are particularly pleased with this achievement given where we were last year this time. In
December 2023, we were recovering from a significant setback to our procurement processes in the
2023/24 financial year, when legal challenges to
SANRAL's Preferential Procurement Policy (PPP) brought all tenders to a halt," said Demana.
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Several tenders are also currently out for various panels for the procurement of Infrastructure
Consulting Engineering and routine road maintenance (RRM) services. In addition, SANRAL has
recently advertised the construction tender for the Huguenot Tunnel in the Western Cape, the
completion of which will significantly improve the current asset both in terms of mobility and road
safety.
"We remain steadfast in our resolve to create developmental opportunities, contributing to inclusive
economic growth. As we continue to grow our network, we will ensure our projects contribute
meaningfully to job creation, community upliftment and the economic empowerment of South
Africans.
"This has been a busy year, with significant progress made on financing, developing and
maintaining the national road network. As people travel to visit friends, family and loved ones
during the festive season, we appeal for a commitment from each individual road user to prioritise
road safety. Let us be vigilant, compliant and considerate. The road is a shared space and the
responsibility for safety rests with all of us," added Demana.
Noteholders are advised that the tender awards are in line with SANRAL's procurement policy.
18 December 2024
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
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Date: 18-12-2024 05:19:00
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