Sanral will cancel R4.7-billion contract if company found guilty of fraud

The South African National Roads Agency was fully aware of the fraud charges against Aqua Transport and Plant Hire’s directors when it awarded the company a R4.7 billion contract to revamp a stretch of the N3 highway.

“According to information at Sanral’s disposal, Aqua is neither blacklisted nor restricted on the National Treasury’s Central Supplier Database and, as such, the company is not prohibited from doing business with government and/or its entities.” It will see Aqua Transport and Plant Hire revamp the N3 highway from the Westville Viaduct to the Paradise Valley Interchange — a stretch of approximately 6km.

However, should the company’s directors be found guilty of the charges against them, Sanral reserves the right to terminate the contract.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ghana: Japan Motors Holds 4th Foton Stakeholder Engagement to Boost Transport, Logistics IndustryJapan Motors Trading Company Limited (JMTC), the sole distributor of Foton range of vehicles, has held its 4th Foton stakeholder engagement with key leaders in the manufacturing, logistics, transport, construction, oil and gas, and mining industries.
Source: allafrica - 🏆 1. / 99 Read more »