Bids were received from Investec Bank Ltd, Thebe Exhibition and Projects Pty Ltd and Intelligent Venue Solutions Pty Ltd in a joint venture as Stadium Management SA Cape Town and the Sail Group Ltd.
Bidders could make an offer to buy the naming rights of the Green Point stadium or tender to operate the multi-purpose facility after 2010 or bid for both opportunities.
The submissions will now have to be categorised according to the nature of the bid and then scrutinised for completeness, legal and policy compliance. No financial figures can be released at this stage.
The bids will be assessed by a Bid Evaluation Committee before the Bid Adjudication Committee makes an award. This process is expected to last some four weeks, but may be extended depending on negotiations with successful bidders.
The stadium is on track for completion by 15 December 2009. The multi-purpose facility, due to host eight 2010 matches, including a semi-final, will be suitable for rugby, soccer, events and concerts.
Media enquiries:
Pieter Cronjé
Tel: 021 400 4592
Cell: 082 465 4965
