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Gauteng govt to cough up R1.3bn in Gautrain settlement

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(Zulfa Petersen, News24)
(Zulfa Petersen, News24)

Johannesburg – The Gauteng government and Bombela Concession Company (BCC) will pay R1.3bn in a settlement of disputes related to the development of the province's high-speed rail link.

Construction firm Murray and Roberts (M&R) issued a statement on Friday to shareholders saying that the Gauteng Provincial government (GPG) will pay out R980m to the Bombela Civil Joint Venture (BCJV).

M&R is a 45% shareholder in BCJV. M&R also has a 33% stake in BCC.

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