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The Group’s project order book stood at R22,5 billion at 1 July 2007 (2006: R10,0 billion), an
increase of 125% in the year and up from R15 billion at half-year. This includes
R5,0 billion
(A$810 million) derived through the consolidation of Clough.
The order book comprises Construction Middle East at R2,2 billion (R2,3 billion); Construction
SADC at R8,5 billion (R3,8 billion); Mining SADC at R3,3 billion (R2,6 billion); Resources Global
(including Clough) at R6,6 billion (R0,5 billion); and Engineering Contracting at R1,6 billion
(R0,7 billion). The amounts in brackets are the comparative levels at 30 June 2006. The
regional order book is SADC 58% (71%); Middle East 13% (23%); Australasia 24% (1%) and
North America 5% (5%).
During the year the Group became a key participant in some high-profile projects including the
R24 billion Gautrain Rapid Rail Link; the R3,0 billion Greenpoint Stadium for the
2010 Soccer
World Cup;
the R21 billion Coega Aluminium Smelter for Alcan; and secured a partnership
with Dubai Holdings owned Sama Dubai for managing the implementation of about R60 billion
of its investment program.
A number of Group companies have combined their strengths and capabilities and together
with international and local partners as appropriate are ready to pursue the significant power
station build program developing in Southern Africa. Murray & Roberts is well positioned to
play a key role in the long-term implementation of this program, building on the experience
of various companies acquired over the past two decades such as Genrec, Gillis Mason and
Concor, all of which played a key role in the previous power station build program.
Activity levels in the Group’s construction materials and services companies remain high,
supporting a positive future outlook for performance delivery. The inclusion of Concor
Technicrete has enhanced the Group’s market presence in this sector.
Two contracts to build and supply more than 150 locomotives to Spoornet in South Africa will
bear fruit in the coming year and there are plans for further upgrade and renewal of the total
rolling stock asset in the region. The UCW order book stood at R2,6 billion at year-end. |
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