Beijing Automotive Industry Holding Company , which owns Baic SA together with the Industrial Development Corporation, has revised its original timelines for the completion of its R11 billion vehicle assembly plant following numerous delays. The factory is being built at the Coega special economic zone in Nelson Mandela Bay, Eastern Cape.
In addition, a paint shop that was scheduled for completion last year will now be finished in 2020. Baic SA spokesperson Zikona Captain confirmed these changes in an interview with City Press. Asked whether the project would exceed its budget, Captain said: “Adequate contingencies were built in to cater for any unforeseeable developments. “The R11 billion is the overall project value estimate.
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Source: Channel24 - 🏆 48. / 51 Read more »