Gateway to the Breede Valley

INTENTION TO OBTAIN EXTERNAL LOAN (BORROWING) TO FINANCE CAPITAL EXPENDITURE (NOTICE NR. BV890/2021)

April 29, 2021

  • Version
  • [tender_closing_date] Tender Closing Date
  • Friday, 4 June 2021 at 11:00 Closing Date
  • April 29, 2021 Create Date
  • April 30, 2021 Last Updated
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The public is hereby notified in terms of section 46 (3) of the Municipality Finance Management Act, Act No.56 of 2003 that it is Breede Valley Municipality’s intention to obtain an external loan of R300 million, repayable over a period of 15 to 30 years, to finance the listed capital expenditure.

Increase dam level - Stettynskloof R   50 000 000
Avianpark development - services R     4 000 000
Avianpark development - pump station R   20 000 000
Somerset development - services R     2 000 000
Altona substation R   20 000 000
Johnsonspark development R     4 000 000
Zwelethemba erosion R   60 000 000
Upgrading Zwelethemba, Roodewal and Avian Park R   20 000 000
Pre loads / reservoirs R   70 000 000
Substation refurbishments R   50 000 000
R 300 000 000

Security to be provided will depend on the requirements by the successful tenderer.

The public is invited to submit written comments or representations to council in respect of the proposed debt. Recommendations, in properly sealed envelopes and clearly marked on the outside directed to the Municipal Manager with the corresponding bid number, must timeously be placed in the tender box at Breede Valley Municipality, Supply Chain Management Unit, Stofberg House, 23 Baring Street, Worcester, by not later than 11h00 on Friday, 4 June 2021.

For more information/ enquiries contact the director: finance, during normal office hours, at 023 348 4994.

D. Mc Thomas

Municipal Manager



Last modified: April 30, 2021