In November 2001 a transaction advisor team was appointed and tasked with taking the project through all the treasury approval steps to financial closure
Country updates
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March 15, 2001
Concession contract awarded to Impilo Consortium
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August 15, 2000
The South African government signs the two 25-year concessions with Geo Group
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June 01, 2000
The ECDoH received four proposals, and in June 2000, the evaluation committee identified and recommended Afrox as the only compliant and thus preferred bidder
The ECDoH received four proposals, and in June 2000, the evaluation committee identified and recommended Afrox as the only compliant and thus preferred bidder. Unfamiliar with the process of procuring PPPs and in the absence of guidelines, the tender board were reluctant to endorse the recommendation, and the project faltered
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January 15, 2000
The legal road authority for Chapman’s Peak Drive being the Provincial Administration Western Cape (PAWC) realised early on in 2000 that financial limitations would be the single biggest stumbling block to the safe re-opening of Chapman’s Peak Drive to traffic
The legal road authority for Chapman’s Peak Drive being the Provincial Administration Western Cape (PAWC) realised early on in 2000 that financial limitations would be the single biggest stumbling block to the safe re-opening of Chapman’s Peak Drive to traffic. To solve these financial problems the plan was to implement a public private partnership and proclaim the route a Toll Road under the Western Cape Provincial Toll Road Act
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January 01, 2000
Opened to traffic in 1919, the road was officially closed to traffic indefinitely by the Provincial Minister of Transport
