Question NW1063 to the Minister of Public Works and Infrastructure
15 November 2023 - NW1063
Graham, Ms SJ to ask the Minister of Public Works and Infrastructure
What progress has been made on the sale of the existing Head Office building of the Independent Development Trust?
Reply:
The Minister of Public Works and Infrastructure
Considerable progress has been made to date, albeit the process was delayed by having to obtain a recent Valuation Report, as the last valuation was outdated. The IDT has received a Valuation Report with a validity of up to 31 December 2023. The next step would be to table the Head Office Building Submission to the Asset Disposal Committee; inform the National Treasury; and request approval of the sale of the Head Office Building from the Executive Authority. However, these processes have not been undertaken, as the Board did not approve the proposed Head Office Lease Agreement, as explained in the response to National Assembly Question number 918 of 2023.