R100bn plan to turn Johannesburg into African New York

Posted On Monday, 10 June 2013 10:05 Published by Commercial Property News
Rate this item
(0 votes)

City authorities in Johannesburg unveil an ambitious plan to undo urban inequalities and turn the continent's wealthiest city into the 'New York of Africa'.

Joburg SkylineCity mayor Parks Tau says the 10-year scheme, which is set to cost some $10 billion, will lead to a "new era" for Johannesburg and its 4.4 million inhabitants.

Plans are on the cards for an extensive new road and railroad network, better houses and revamped buildings to spruce up the city, originally built on a gold rush in the late 19th Century.

The inspiration for change is the cosmopolitan New York City in the US, with its attractive bridges, roads and efficient subway network and parks.

"We are re-inventing the city of Johannesburg," Tau said. "We are turning this city into a New York of Africa," he added.

Officials say the project will correct urban planning dating back to white minority rule, which pushed designated black areas to the outskirts of the city, with poor access to transport and other infrastructure and services.

"This is a major step in reversing the inequalities caused by the apartheid regime," Tau told AFP.

In some cases, commuting between the city centre and northern suburbs currently takes up to nearly two hours.

A network of enhanced public transportation enabling people in outlying areas to make connections by trains, buses and taxis will be established, together with cycle paths.

Alison Todes of the University of Witwatersrand's School of Architecture argues that the time has come for an efficient transport system that will also help reduce the city's carbon footprint.

"The city is quite spread out and a lot of people use private cars. Less travel time and less cars on the road will also be good for the environment," Todes said.

The launch three years ago of a high speed train service linking Johannesburg and the administrative capital Pretoria was a milestone in providing efficient public transport.

But the train serves limited routes and high fares make it inaccessible to the bulk of the working class, who rely on crowded privately-run minibus taxis and ageing state-owned metro trains.

"Our economy is growing, so we saw a need to prioritise investment on infrastructure to boost the economic capacity of the city," Tau said.

The city will finance the renovations from its own coffers.

Despite its established wealth, boasting the largest concentration of dollar millionaires in the country, parts of Johannesburg are dirt poor.

Clusters of palatial homes protected by gates and electric fences stand side-by-side with sprawling slums that have no running water and sanitation.

Nearly half a million of Johannesburg's population lives in informal housing. Some have been on a waiting list for state-subsidised houses for 15 years.

Almost a fifth of the total renovation budget will be channelled to low-cost housing schemes dubbed "corridors of freedom".

"Housing is the biggest challenge facing the city. We can't claim to be a world class African city when we still have people living in poor conditions," Tau said.

Building improvements will also reach into the inner city, which has seen an exodus of large businesses due to decay and high levels of crime.

Business giants like the Johannesburg Stock Exchange, Africa's largest bourse, left the once-thriving central business district for northern suburb Sandton – now the continent's richest square mile.

Many mining firms and banks joined the exodus to the north, though a few have started moving back.

"It is our goal to create a safe, business-friendly environment," Tau said.

In 2009, closed-circuit surveillance cameras were installed in areas around the inner city to help fight crime.

But the main opposition Democratic Alliance (DA) party worries that the municipality will not be able to monitor spending adequately, amid daily reports of public sector corruption.

For the past three years the city has failed to get a clean bill of health from the country's auditor general.

"We don't dispute that it is a great investment, but we need assurances that public funds would be handled efficiently," DA spokesman Mmusi Maimane said.

Source: Sapa

Last modified on Monday, 10 June 2013 10:14

Most Popular

Exemplar REITail Acquires Katale Square Shopping Centre

Sep 23, 2019
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping…

Mall of Africa Celebrates Launch of New Generation Pick n Pay Store

Sep 23, 2019
Today Mall of Africa welcomed one of South Africa's biggest grocery retailers to the…

Grit Real Estate financial results for the year-ended 30 June 2019

Sep 30, 2019
London Stock Exchange listed Grit, the only listed Africa-focused income distribution…

4AX listed Heartwood Properties reveals positive financial results

Sep 23, 2019
Commercial property development company, Heartwood Properties , has revealed a 30%…

Reserve Bank keeps repo rate unchanged

Sep 23, 2019
 South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line…

Please publish modules in offcanvas position.