CATALYTIC INVESTMENT PROJECTS FEB 2017
CONTENTS 1. CATALYTIC PROJECTS CRITERIA 2. CATALYTIC PROJECTS CATEGORY A 3. CATALYTIC PROJECTS CATEGORY B 4. CATALYTIC PROJECTS CATEGORY C
CATALYTIC PROJECTS CRITERIA Major impact in their sub-metro at least, if not beyond. Mega-scale inclusive of: • Number of Jobs • Amount of investment by public and private • Revenue to be generated • Mixed use in nature • Alignment with Sustainable Development Goals (SDGs) and/or Stimulate a chain of new projects and/or Be in highly strategic locations to help achieve spatial transformation objectives They should be on public transport corridors or national trade routes
CATALYTIC PROJECTS BY PROJECT PIPELINE Category A: In/near Implementation Category B: In Preparation Category C: Extensions to existing developments and malls Note Implementation needs a different level of effort, intervention, and management structure from Preparation
CATEGORY A: CATALYTIC PROJECTS IN OR NEAR IMPLEMENTATION 1. Point Waterfront INNER CITY (1,2,3) 2. Warwick Junction 3. Centrum Government Precinct 4. Cornubia Integrated Development NORTHERN – AEROTROPOLIS (4,5) 5. Dube Trade Port 6. Southern Densification Corridor TRANSPORT CORRIDORS (6,7) (King Edward, Montclair, Umlazi) 7. IRPTN – C3 Corridor WESTERN AREA (8) 8. Keystone Logistics Hub
Category A Projects Investment Value R98 Bn Private R28 Bn Public R126 Bn Total
INNER CITY
Emerging Inner Vision • Streamline all initiatives Africa’s leading, most vibrant, liveable, City Regeneration 1 • Agency to drive regeneration walkable City Centre • Capitalise on the opportunity of Strategy Coordinated government land and resources Economic Drivers Leadership • Leverage private sector • Marketing and branding Inner City Regeneration Plan 2 • Waste Goal: • Public realm maintenance Attract and retain Intensive • Crime investment and Urban • Informal sector people Managemen • Better buildings t • Planning Scheme • Examples: • Pedestrian priority • 2 way streets • Public realm upgrades Spatial Framework set by the LAP 3 • Housing The Walkable City • Land release Large and Mixed use, Densified, Pedestrian and Transit • IRPTN orientated Small Projects Resilient and Sustainable • New road links • Point Infrastructure and Promenade • Warwick Projects
Ultimate total Development Potential The plan could result in the release of significant potential • Residential 60% = 564 ha • Retail 5% = 45 ha • Commercial/Industrial 20% = 190 ha • Other Amenities 15% -= 145 ha • Potential population when fully developed = approximately 450,000 people (including current 60,000 – 70,000) • Potential Job Creation = 250,000 Jobs (including current 100,000)
Thank You and Enjoy the Tour
POINT WATERFRONT PROJECT DESCRIPTION THE NEW VISION FOR THE POINT DEVELOPMENT IS PREDICTED ON MAXIMISING THE USE OF THE AREA, BOTH BY PERMANENT RESIDENTS AND TEMPORARY VISITORS • Network of vehicular and pedestrian connectivity that will link to and extend the existing beachfront promenade along Vetch’s beach and around the harbour. • Multi-storey structures offering residential, office, retails and leisure developments. • Multi Modal public transport access aligned to eThekwini’s Integrated Rapid Public Transport Network (IRPTN) • Mahatma Gandhi Precinct Urban Management programme • Cruise Terminal and promenade extension
POINT WATERFRONT SOCIO ECONOMIC BENEFITS PROJECT STATUS • Infrastructure to support phase one of the • Investment Value : R40 billion development is underway (internal road layout • Annual Rates : 200 million per annum and waste water infrastructure relocation, water • Construction Jobs : 11 000 reticulation infrastructure and promenade • Permanent Jobs : 6750 extension. • Other : Tourist attractions, Urban design • Negotiations to align with the cruise terminal upgrade, Economic spinoffs, Upgraded bulk plan currently in process with Transnet infrastructure • Programme for Mahatma Gandhi Road and back of Beach has been developed (to resolve security, maintenance and dilapidated buildings) in order to coincide with the launch of Point Waterfront.
POINT WATERFRONT KEY ISSUES / CHALLENGES RESPONSE AND WAY FORWARD • • Possible future construction delays due to Point Waterfront Project to be launched in extreme wave action on Coastline April/May 2017 • • Unpredictable raw material costs due to the rand The cruise terminal shall commence in February dollar fluctuation 2017 • • Urban management issues associated with The promenade design will be complete by Mahatma Gandhi and back of beach precinct are February 2017 • likely to affect the project if not addressed by The water infrastructure project is underway and launched date the Extension to promenade to commence by March 2017
WARWICK PRECINCT PROJECT DESCRIPTION WARWICK PRECINCT REDEVELOPMENT PROJECT AIMS TO RESTRUCTURE TRANSPORT FACILITIES AND OPERATIONS, AS WELL AS SOCIAL ECONOMIC ACTIVITIES AND SOCIAL FABRIC, WITHIN A WIDER STRATEGIC FRAMEWORK FOR THE AREA. • Projects underway in the Warwick area include: Berea Station Mall, taxi holding facility, creation of a cold room storage, informal trade infrastructure upgrade • Crucial in promoting linkages between work and residential destinations • The Precinct accommodates vast number of commuters and therefore the area has developed into a major economic node boasting student accommodation, retail and housing opportunities.
WARWICK PRECINCT SOCIO ECONOMIC BENEFITS PROJECT STATUS • Urban designs and building plans complete for • Investment Value : R1.3 billion the mall and taxi facility and awaiting city’s • Annual Rates : R250 000 per annum approval. • Construction Jobs : 3500 • Memorandum of Agreement (MOA) is ready to • Permanent Jobs : 2670 be signed by all three parties • Draft Council report for budget approval complete awaiting for the signed MOA
WARWICK PRECINCT KEY ISSUES / CHALLENGES RESPONSE AND WAY FORWARD • Continuous stakeholder forums including the • Delays in signing of the MOA by PRASA and the community and City councillors developer. • Engagement with PRASA through National • Infrastructure funding shortages Treasury is underway. • Potential community conflicts based on previous • Alternative forms of infrastructure funding are projects being explored through inter-alia public private partnership.
CENTRUM GOVERNMENT PRECINCT PROJECT DESCRIPTION THIS IS A PROPOSED 54 HECTARE MIXED USED DEVELOPMENT TO CREATE A GOVERNMENT PRECINCT INCLUSIVE OF PRIVATE SECTOR INVESTMENT. • The Centrum site proposed development includes: Integrated Rapid Public Transport Network (IRPTN) station, extension of ICC, development of a hotel to support ICC, expansion of retail area, redevelopment of Gugu Dlamini Park, City Library, Council Chamber, Residential developments,
CENTRUM GOVERNMENT PRECINCT SOCIO ECONOMIC BENEFITS PROJECT STATUS • • Investment Value : R9.3 billion Urban design concept complete • • Annual Rates : R67 million Negotiations with Public Works to consolidate their • Construction Jobs : 3350 facilities on site is at an advanced stage. • • Permanent Jobs : 1350 Terms of reference for the appointment of the transactional advisor to develop an negotiate a development model are complete.
CENTRUM GOVERNMENT PRECINCT KEY ISSUES / CHALLENGES RESPONSE AND WAY FORWARD • Finalize Public Works land sale agreement • Different understanding by City departments of • Finalize the development model for the entire site development priorities. site. • Delays in finalizing SCM for the library. • Finalize SCM issue around the development of • Funding constraints for bulk infrastructure the library. (parking constraints) • Commence with the IRPTN underground station construction • Finalize the feasibility of the extension of the ICC and hotel
NORTHERN AREA AEROTROPOLIS
CORNUBIA INTEGRATED DEVELOPMENT PROJECT DESCRIPTION THE CORNUBIA INTEGRATED HUMAN SETTLEMENT DEVELOPMENT IS A MIXED-USE MIXED-INCOME DEVELOPMENT, INCORPORATING INDUSTRIAL, COMMERCIAL, RESIDENTIAL AND OPEN SPACE USES • Joint venture between national, provincial department of human settlements, eThekwini municipality and Tongaat Hulett Development as a presidential project. • 1300ha multi-billion rand project on what was a greenfields site in a prime location
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