THE landscape of the City is set to be forever changed by the multi-billion rand catalytic projects currently underway as well as those in the pipeline.
A progress report on catalytic projects in the city was made to the Executive Committee at a meeting held on 28 November by Acting Deputy City Manager for Economic Development and Planning, Phillip Sithole.
Sithole said projects were divided into three categories, category A which are projects in implementation, category B which are projects in preparation and category C which includes extensions to existing developments and malls both private and by the government.
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Projects in implementation include the Point Waterfront and in areas surrounding Durban, the Clairwood Logistics Park, Cornubia, Dube TradePort, the Integrated Rapid Public Transport Network (IRPTN) C3 Corridor, Keystone Logistics Hub and Oceans uMhlanga.
Sithole provided a brief overview of each project including progress made and the social economic benefits of each.
According to Sithole, the Point Waterfront will maximise the use of the area by a network of vehicular and pedestrian connectivity. This will include extending the beachfront promenade along Vetch’s Pier around to the northern harbour edge, populating the space in between with multi-storey structures offering residential, office, retail and leisure infrastructure. Sithole said a contractor had been appointed and is expected to be on site next year.
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He said the City’s Radical Economic Transformation Framework will be implemented to ensure that previously disadvantaged business receive 30 per cent of the work.
The total investment value is estimated between R30- to R35-billion with annual rates of R200 million. Approximately 11 000 construction jobs will be created with 6 750 permanent jobs.
Sithole also listed the projects in category B and C which will be implemented in the future.
“A number of projects are already on the ground. There is investment taking place in Durban. The total of the catalytic projects in the City over the next 15 years totals R900 billion,” he added.
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