EThekwini
Municipality has numerous catalytic projects underway which will transform the
City and boost the local economy, writes Sohana Singh
There are several
catalytic projects underway in the City while others are still in the planning
stages. The City’s Catalytic Project Unit is currently working on around 16
projects which will bring approximately R217 billion in investment and create
in the region of 300 000 jobs. The partnership between the private sector and
government is evident in the investment that is taking place, boosting
confidence in the region.
Below is a breakdown
of a few of these projects that are transforming the City.
Shongweni
Development
The development of
the R3 billion Westown Square by Fundamentum Development Company began in 2021
and kickstarted a new era for the outer west region of eThekwini. This is the
first 100-hectare precinct of the Shongweni area to be developed, out of a 2
000-hectare integrated mixed-use urban development located along the
N3 and Kassier Road interchange. It will comprise of nine precincts which
includes retail, residential, commercial, logistics, industrial, and business
park precincts. Westown Square
is expected
to open for business by April 2025.
Brickworks
The Avoca Node
Development by JT Ross and Investec is a 15-year programme consisting of three
precincts; Brickworks, North Fields, and Caneridge measuring approximately 350
hectares in extent. It has the potential capital investment of over R10.5
billion.
The City has invested
R451 million for infrastructure upgrades which are currently underway on Old
North Coast Road to improve access to the area and the increase in traffic.
The City is expecting
R206 million annual rates at full development of this light industrial area.
There are 51 000 construction jobs, and 19 000 permanent jobs expected to be
created.
Giba Business
Estate
The Giba Business Estate development by Sultex Holdings PTY Ltd is situated south of the Marianhill Toll Plaza along the N3 freight and logistics corridor from Durban-Free State- Gauteng known as SIP2.
The R1.9 billion
project will develop 200 000 square meters of platformed sites of various sizes
which are aimed for sale to the light industrial, warehousing, and logistics
sectors.
Phase 1 of the
construction consists of 22 platforms and engineering services which commenced
in July 2023. Phase 2 will include the construction of top structures.
Regarding jobs created, 492 construction and 4 661
permanent jobs are expected to be created with local community members
benefiting from the development.
Oceans Development
The R5 billion Oceans
uMhlanga development is planned to be a mixed-use lifestyle development within
the uMhlanga Rocks Village node. This includes a high-end shopping mall,
residential apartments, and the Radisson Blu Hotel. The shopping mall and hotel
are complete; however, construction is currently underway for residential
apartments and a time share hotel. This development is expected to enhance the
tourism offering value within the node. Further investment into transport
facilities in the area is being discussed.
Inyaninga
Inyaninga is a
proposed major multi-modal logistics hub worth R40 billion. The total land area
is 1 023 ha for which is a planned total commercial/logistics bulk of
approximately 1.617 million square meters, plus some 8 755 residential
opportunities.
Inyaninga has been
identified as a possible site location for a large scale manufacturing plant.
The iNyaninga site offers numerous advantages for such a development, with
close proximity to the airport and major transport routes to the port via the
R102 and N2 to facilitate access to market.
Sibaya Coastal Precinct. |
Further development
being planned or currently being undertaken include Cornubia, the Dube Trade
Port, Sibaya Coastal Precinct, Inyaninga, Whetstone Business Park, and in the
Durban CBD worth billions of rand.