Gauteng seeks investors for planned aerotropolis

Posted On Wednesday, 22 October 2014 08:28 Published by
Rate this item
(0 votes)

Gauteng roads and transport department is looking for investment partners for its plan to build an aerotropolis at OR Tambo International Airport. 

Ismail Vadi MEC

A five-year implementation plan for the aerotropolis is scheduled to be released for public comment within six weeks. The proposed aerotropolis an industrial and transportation hub around an airport is part of President Jacob Zuma's strategic infrastructure projects under the Presidential Infrastructure Coordinating Commission.

The commission is overseeing the investment of R850bn in the three years from 2013. About 700,000 jobs were expected to be created by the planned aerotropolis in Ekurhuleni which is centring its economic strategy on the project. Yesterday aerotropolis steering committee head Jack van der Merwe said the five-year plan had been submitted to the Ekurhuleni mayoral committee for approval. The aerotropolis committee was now working on a 25-year plan.

Speaking at a freight summit in Boksburg, Roads and transport MEC Ismail Vadi said the aerotropolis was not a "governmentonly project". He said the five-year implementation plan would detail the different components of the project and illustrate how the private sector could get involved.

"Airports can become a hub of economic enablers and stimulators. "We want to establish a city around OR (Tambo International Airport) to expand and increase the freight and logistics in the surrounding areas of the airport." Conferences, business and research are some of the activities that could take place at the aerotropolis, he said.

Another presidential strategic infrastructure project is the Durban, Free State and Gauteng logistics corridor, which Mr Vadi described as a model of how to strengthen freight corridors by 2030. 

Most Popular

The next wave of property development in Africa is coming

Jul 31, 2019
 NIYI ADELEYE
The past decade has seen South African property developers and investors forge their way…

SA focused REIT Dipula makes bid merge with SA corporate real estate

Jul 31, 2019
 IZAK PETERSEN
Dipula Income Fund, a diversified, South-African focused and Black-managed REIT, today…

Vukile’s Spanish assets top €1bn, and it gets a credit ratings upgrade

Aug 02, 2019
 LAURENCE RAPP VUKILE
Vukile Property Fund today announced that its listed Spanish subsidiary, Castellana…

Growthpoint Investec African Properties steps up its acquisition trail in Africa

Aug 06, 2019
 THOMAS REILLY
Growthpoint Investec African Properties (GIAP), the pan-African real estate investment…

Credit and mortgage balances in the first half of 2019

Jul 31, 2019
Jacques Du Toit Absa Home Loans
Credit and mortgage balances in the first half of 2019, with divergent home loan…

Please publish modules in offcanvas position.