The Statistics SA PPP project reached financial close on April 16, 2014.
The project comprises the design, construction and operations of new office accommodation for the South African Department of Statistics. The building is scheduled to be operational by May 2016, with an estimated cost of ZAR 1.3 billion to construct.
The winning bidder was WBHO and Fikile Constructions. Senior debt funding was provided by Nedbank and consortium was advised by Grant Thornton.
Operis performed a formal model audit prior to financial close, which included a review of the model’s tax & accounting treatments.