Penway have submitted an unsolicited proposal in terms of the "Policy of the South African National Roads Agency in respect of unsolicited proposals", dated May 1999.
The following is an extract from the introduction to this policy:
"The Agency, in support of the Minister of Transport's aim to stimulate innovation and to create new opportunities for the private sector, is keen to receive proposals for road transport infrastructure development.
This policy guideline is a revision of the policy dated September 1997, issued by the predecessor of the Agency, namely the South African Roads Board.
It has been drafted in order to provide the private sector with a framework within which Unsolicited Proposals ("the Proposals") should be prepared. It also explains how Proposals will be dealt with by the Agency, and lays down procedures which will be followed in order to stimulate a competitive environment, ensure transparency, and offer the public protection from the possibility of monopolistic practices and exploitation."
In terms of this Policy, the Proposal evaluation process will place an emphasis on value for money and the affordability of the project.
A copy of this Policy can be obtained from the South African National Roads Agency.
The attached sheet contains a flow diagram describing the procedure for dealing with Unsolicited Proposals. This procedure will be used for Penway's proposal to develop the Cape Town Ring Road.
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Introduction