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Murray & Roberts - Gautrain Project - Rapid Rail System

Release Date: 29/09/2006 17:08
Code(s): MUR
Wrap Text

Murray & Roberts - Gautrain Project - Rapid Rail System MURRAY & ROBERTS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 1948/029826/06 JSE Share Code: MUR ISIN Code: ZAE000073441 ("Murray & Roberts") GAUTRAIN PROJECT - RAPID RAIL SYSTEM (`Gautrain") The Bombela Concession Company ("Bombela") has signed a Concession Agreement with the Gauteng Provincial Government enabling construction to commence immediately on Gautrain and the grant of a twenty-year concession to operate and maintain the system. Bombela has been contracted to construct and deliver Gautrain within a period of 54 months. The system linking Johannesburg International Airport to Sandton and Midrand has been contracted to be completed within a 45 month period. Murray & Roberts is a 25% Shareholder in Bombela and a 45% Shareholder in a joint venture that is being sub-contracted to complete the civil works. In total Murray & Roberts share of work over the next 54 months will be approximately R4,5 billion. Financial closure is still to be completed and this should be achieved within the next six months. Johannesburg 29 September 2006 Sponsor Merrill Lynch South Africa (Pty) Ltd Date: 29/09/2006 05:08:02 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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