B1 City Company to Pay RCC N$15 Million

AT the site where the B1 City property development was supposed to be done at a busy road intersection in Windhoek has been abandoned since construction was stopped in late 2006. The company that was doing the property development has now agreed in an out of court settlement, which has now been made an order of the court to pay N$15 million to the Roads Contractor Company, which provided finance for the project and acted as project managers.