South Africa's World Cup stadia on track for completion, but costs rise
28/8/2008 16:35
Cape Town's 2010 soccer World Cup stadium is on track for completion in
December next year, but the cost is expected to exceed initial projection, mayor
Helen Zille said yesterday.
Zille told a council meeting yesterday that
contractors were currently putting the concrete seating on the last of the three
tiers of the stadium in Green Point, and by the end of September the main
construction work would be finished and subcontractors would then move in to
complete the specialized work including the high-tech roof.
Replying to a
question from a councilor, however, Zille said the city did envisage that the
stadium would go over its budget, as would all the other 2010 stadia being built
in South Africa.
This was largely because of cost escalation above the 10
percent provided for in initial documentation and te city had warned the
National Treasury at the time that this provision was too low, said
Zille.
She added that the city had asked for a meeting with SA Deputy Finance
Minister Jabu Moleketi on the issue.
The overrun would have to be dealt with
at a national level, Zille stressed.
Mayoral committee member for finance Ian
Neilson said earlier this year that the cost, originally put at some 3 billion
rand, had risen to an estimated 4 billion rand.
Xinhua
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