Murray & Roberts Holdings Limited - Gautrain Rapid
MUR
MUR
Murray & Roberts Holdings Limited - Gautrain Rapid Rail Link
Murray & Roberts Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1948/029826/06)
Share code: MUR & ISIN: ZAE0000073441
("Murray & Roberts")
Gautrain Rapid Rail Link
Shareholders are referred to a statement issued today by Gauteng Province in
South Africa which confirms that agreement has been reached with the Bombela
Consortium (consisting of Bombardier, Bouygues, Murray & Roberts and SPG) on all
the substantive issues within the affordability limit set for the Gautrain Rapid
Rail Link project. This provides the framework for finalisation of the terms and
Financial Closure of the Concession Agreement.
An Enabling Works Contract signed between Bombela Consortium and Gauteng
Province requires that the Bombela Civil Joint Venture commence with the
relocation of utilities and services to prepare the site for infrastructure
works.
This is a significant project for Murray & Roberts, the present value of which
was notified in a SENS announcement on 7 November 2005 as approximately R 4,5
billion over a construction period of 54 months following financial closure.
Murray & Roberts is a key participant in the concession company, the
infrastructure contract and in the long-term operation of the system.
Johannesburg
16 February 2006
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 16/02/2006 03:22:13 PM Produced by the JSE SENS Department
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