National Treasury Engagement “DFI Day” Showcasing: Bellville TOD Priority Project 7 th March 2018
Metropolitan Context
Context: City of Cape Town 2 nd largest City in RSA Governance capabilities • demonstrated in recent rating One of the country’s 8 Metros • assessment from Moody’s and Home to over 4 mill+ people Rating Africa • • Service delivery to 1,3 mill h’holds Unqualified audit with findings. Key focus: promote development • Areas highlighted by the AG fall of solid infrastructure-led economic within category of legislative growth through creating a solid compliance platform of urban infrastructure and Consequence Management • supporting services Revenue Management • Currently experiencing major • Procurement and Contract • drought (Nationally declared Management disaster): being addressed through multiple supply & consumption driven channels
LT Municipal Investment Needs (Capital finance) 4,510 4,210 3,910 3,610 3,310 3,010 2,710 Millions 2,410 2,110 1,810 1,510 1,210 910 610 310 10 CGD CRR EFF REVENUE Budget 2,236,871,773 1,353,141,875 4,230,282,607 31,365,661 YTD Planned Spend 645,395,727 503,521,538 1,122,847,828 8,917,760 YTD Actual Spend 662,165,424 479,456,514 1,174,244,753 8,683,419 Finance Monitoring Report - January 2018 GAMAP 2017/18 Current Budget YTD Planned Spend YTD Actual Spend CGD 2,236,871,773 645,395,727 662,165,424 102.60% CRR 1,353,141,875 503,521,538 479,456,514 95.22% EFF 4,230,282,607 1,122,847,828 1,174,244,753 104.58% REVENUE 31,365,661 8,917,760 8,683,419 97.37% 7,851,661,916 2,280,682,853 2,324,550,110 101.92%
LT Municipal Investment Needs (Total outstanding debt) CITY of CAPE TOWN Appendix A: Schedule of External Loans as at 30 June 2017 Net interest Effective Received Capitalised accrual Concessionary Redeemed/ interest rate Loan Redeemable Balance as at during the during the during the loan Written off Balance as at (nacs) number date 30 June 2016 year year year adjustments during year 30 June 2017 % R'000 R'000 R'000 R'000 R'000 R'000 R'000 LOCAL REGISTERED STOCK ABSA Investor Services 16,500 830004515 2010 - - - - - Municipal Bond CCT01 12.601% 830014004 2023 1 002 748 - - - - 1 002 748 Municipal Bond CCT02 11.625% 830016003 2024 1 207 236 - - - - 1 207 236 Municipal Bond CCT03 11.169% 830017007 2025 2 065 505 - - - - 2 065 505 Total local registered stock 4 275 489 - - - - - 4 275 489 CONCESSIONARY LOANS Nedcor Bank 1,000% 830000920 2019 29 - - - 6 - 35 DBSA 5.00% 830012028 2020 14 633 - - - 548 ( 4 000) 11 181 Agence Francaise De Developpement (AFD) 5.763% 830018500 2028 422 438 - - ( 676) 9 137 ( 40 000) 390 900 Agence Francaise De Developpement (AFD) 5.763% 830018516 2028 421 733 - - ( 672) 9 229 ( 40 000) 390 291 Agence Francaise De Developpement (AFD) 5.763% 830018530 2028 422 454 - - ( 675) 9 175 ( 40 000) 390 954 Agence Francaise De Developpement (AFD) 5.763% 830018523 2028 412 262 - - ( 662) 8 796 ( 38 961) 381 435 Total Concessionary loans 1 693 550 - - ( 2 684) 36 891 (162961) 1 564 795 OTHER LOANS FirstRand Bank 12,631 830003504 2017 135 005 - - - - ( 135 005) - ABSA Bank 10,900 830007011 2018 40 000 - - - - ( 20 000) 20 000 DBSA 10,590 83001050 2018 67 832 - - - - ( 33 916) 33 916 FirstRand Bank 12,046 830009531 2018 84 299 - - ( 9 364) - ( 20 000) 54 935 DBSA 9,420 830012035 2020 37 333 - - - - ( 9 333) 28 000 DBSA 9,639 830013000 2022 86 667 - - - - ( 13 333) 73 334 DBSA 10,565 830013507 2022 86 667 - - - - ( 13 333) 73 334 Total other loans 537 803 - - ( 9 364) - ( 244 920) 283 519 TOTAL EXTERNAL LOANS 6 506 842 - - ( 12 048) 36 891 ( 407 879) 6 123 803
TOD PRIORITY PROJECTS Foreshore • Bellville • Athlone Power Station • Philippi East • Paardevlei • PROVINCIAL LED PRIORITY PROJECTS DENEL/AIRPORT SITE OTHER KEY INTEGRATED HUMAN SETTLEMENT AND DEVELOPMENT PROJECTS INTEGRATION ZONES Voortrekker Road Metro South East Blue Downs CONCENTRATED INVESTMENT IN THE URBAN CORE Spatial Targeting in Cape Town
Primary Objectives For Redevelopment of TOD Priority Projects Public UCI transport Investment Package Infra- Partner and structure manage
Why Bellville? “Second” metropolitan node • Public Transport nexus (north south / east west ) • Synergy with Tygervalley to north • • Concentration of University campus & residence Residential intensification opportunities • Existing Strategic partnerships: GTP, VRCID, • MURP Public Transport Interchange What is underway… Bellville Rail Station / 1 New Market Square Bellville Transit Hub / • PTI @ Paint City Bus / Taxi Station 2 Upgrade Tygerberg Hospital 4 • 3 3 Bellville Linear Park • Paint City site • Kruskal Avenue 2 4 IRT Feeder 1 Upgrade Hardekraaltjie • Redevelopment Planning of Blue • Downs rail link
Bellville Transit Hub Precinct Plan - Draft (April 2016) TOD Opportunities Investigation Prospective Development yield ±4 000 new population • 1 946 residential units • 172du/Ha gross • • 31 065m² office GLA • 10 375² retail GLA 2 040 parking bays •
Key Objectives Provide mixed-use commercial development: Maximise connectivity: • Prioritise pedestrian and cycling connections. • Attract / incentivise development of employment space, Integrated, safe, reliable, cost effective public transport • capitalising on existing research activities. network that supports people’s lives. Encourage spaces that can offer creative, media, bio- • Respond to locational attributes and increases in • medical research and development industries that build population with transport infrastructure improvements. on the presence of US, UWC, CPUT, UNISA, Northlink. • Provide road access/circulation on key development sites • Adopt parking strategy that relies less on private transport. Reinforce linkages and connection with the Create high quality public realm & open space: CBD: • Ensure provision of public open space, • Enhance connections to Bellville’s immediate catchment Bellville Square to be heart of new mixed-use area. • area. Prohibit artificial barriers by providing a network of routes • Improve public realm to provide clearer, safer and better • that improve permeability and connectivity. utilised connections to and from the CBD. Increase employment opportunities: Improve community safety by enhancing reach and • effectiveness of VRCID. • Increase capacity for new jobs to be provided and improve access to training and apprenticeships. • Expand broadband infrastructure connectivity. Creation of new housing and opportunities: Enhance capacity of local infrastructure to support P rovide new, and enhance existing, civic • delivery of new and diverse housing opportunities (incl. facilities: student housing). Build on health, education, emergency, safety, and social • Range of tenures, house sizes and affordability. • services to support increased population & benefit local people. Provide innovative sustainable energy solutions: • Explore potential for district energy masterplan Explore opportunities for shared and co-ordinated • approaches to waste and freight.
Access & Movement Development response Public Environment Broader Bellville Concept Plan 2018
Bellville Central Area: Landowners City of Cape Town PRASA Transnet PGWC Stellenbosch University Private Sector
Bellville Transit Hub Precinct Plan - Draft (April 2016) TOD Opportunities Investigation Key catalytic projects Rationalization and upgrades to the PTI into a • mixed use transit hub (real estate space above rail station & PTI) • Development of vacant land (Paint City site) Place making Upgrades (Elizabeth Park, Durban • Road NMT, Kruskal Avenue public space) Church Street extension to Robert Sobukwe Dr. • • Feasibility, design and initiation of a high quality MyCiti feeder service from Bellville Transit Hub 3 Development Concept (GAPP) Phased development of 3 modular sites • Conservative, and • design/programming to be rethought, but the method is sound 1 Good idea of the minimum • 2 expectation from the market PRASA able to participate if willing with • City components unaffected
Planned Interventions: Bellville Central Area Carl Cronjie half Short-term projects (1-3yrs) diamond and N1 Medium-term projects (3- Freeway Upgrade 5yrs) Long-term projects (>5yrs) Jack Muller Park Upgrade Durban Rd/Robert Sobukwe Road realignment Elsieskraal Linear Park Upgrade Hardekraaltie Sports & Rec Complex Church Street Redevelopment extension TOD development of Bellville Station Precinct VRC IZ Boundary BITLUP Boundary Elizabeth Park Kruskal Road Bellville PTI Bellville CAP Boundary Upgrade Upgrade Upgrade (R12m) (R17m) (R4m)
Recommend
More recommend
