The city of Cape Town has rejected three tender bids by prospective operators for its
68 000-seater World Cup stadium in Greenpoint. ‘The bid evaluation committee came to the conclusion that none of the bids meet the city's require-ments and recommends that the bid not be awarded and be re-advertised,’ the city said in a statement. The tender is for the operation of the stadium and a multi-purpose 90-hectare theme park on the site. Among the heavyweights who had submitted tenders was Investec Bank which provided the city with R185m in bridging finance to assist with the construction of the R2.5 billion stadium which will host a 2010 semi-final. The consortium includes Venfin Media Investments, Western Province Rugby Union and the SAIL group.
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