2010 Stadium
28 June 2006
Western Cape Premier Ebrahim Rasool and Cape Town Mayor Helen Zille, today
we received a progress report on the planning of aspects of the 2010 World Cup
preparations for Cape Town. The presentation included a business plan for the
operational costs and projected profits of a proposed stadium. We are happy to
announce that the business plan shows a positive outlook for the long term
viability of a new stadium.
Serious work is continuing on several possible sites for the proposed
stadium, and by the end of July 2006 we will present a full assessment of the
various options open to us. The presentation given today is an important step,
and suggests that we are heading in the right direction. It did not include an
assessment of the capital costs of the stadium and related infrastructure.
However, this will be ready in July.
Once we have a financial model for the capital expenditure required, we will
approach National Treasury together in order to secure an adequate financial
commitment. The design and study phases for 2010 are on schedule, and all
deadlines will be met. We will, at all stages, work together to ensure that the
planning for the hosting of a successful world cup in the interests of Cape
Town and the province.
Enquiries:
Shado Twala
Tel: (021) 483 5642
Fax: (021) 483 5636
Cell: 083 640 6771
E-mail: stwala@pgwc.gov.za
Issued by: Office of the Premier, Western Cape Provincial Government
28 June 2006
Source: Western Cape Provincial Government (http://www.capegateway.gov.za)
