Cape Town Stadium Cost Report Delayed Until June 2011

The cost of the Cape Town Stadium (previously known as the Green Point Stadium) reportedly exceeded its budget by a massive 175%. This seems strange as stadiums are built regularly around South Africa and the world, so estimating costs from historical data should be accurate and readily available.

This is more than can be said for obtaining the final cost report, which has been shrouded in a cloak of secrecy. ProjectPro is keen to use this project as a case study on poor cost management, so that lessons can be learned.

The stadium was handed over in December 2009, but ProjectPro could not obtain a copy of the final cost report, notwithstanding many emails and telephone calls to the relevant authorities. In February 2011 ProjectPro applied through the Promotion of Access to Information Act (PAIA), but it was refused on the grounds that the project team is still in the process of collecting outstanding invoices from contractors and professional claims.

After these are received, a report will be prepared for Mayco (Mayoral Committee), which will then go to full Council. The Council’s legal services would not indicate to ProjectPro when the report would be finalised, but suggested that ProjectPro apply again at the end of June 2011. This will be 18 months after the stadium was handed over!

ProjectPro will keep you informed

Related articles:

The “Hidden Costs” of Cape Town Stadium
Competition Commission Invites Construction Firms to Settle

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