The City of Cape Town and three construction companies it accused of collusion and bid-rigging on the Cape Town Stadium have reached a settlement which ends a R430m high court damages case.
In a joint statement on Wednesday, the city council, WBHO, Stefanutti Stocks and Aveng Africa said the settlement includes a payment of R31.3m by each contractor to the council.
After a Competition Commission investigation, 15 construction companies agreed to pay penalties totalling R1.46bn for collusion and bid-rigging. The tender was awarded to the Murray & Roberts /WBHO joint venture and the project was completed in December 2009. The World Cup kicked off at the stadium in June 2010.
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