Phase 1 of Shongweni development to begin in 2019
The full development is set to span across 20 years and will create more than 400 000 temporary jobs.
WITH all development rights in place, civil construction on the Ntshongweni Urban Development will commence in early 2019.
The Retail and Urban Core, the first phase of the multiple phased development, is set to anchor the Ntshongweni Urban Development as a mixed use, urban precinct centred around a new, regional retailing offering.
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Tongaat Hulett Developments managing director, Michael Deighton, said, “All development rights for the Retail and Urban Core are in place and we officially have the go ahead to break ground in the first quarter of 2019.”
Over the 20-year construction period, Ntshongweni is expected to generate 400 000 temporary construction jobs, 35 000 permanent jobs, R700 million in annual rates for the eThekwini Municipality and R5.1 billion in annual tax revenue.
Read the full story in next week’s Highway Mail.
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