R500m for Mitchell's Plain

Posted On Tuesday, 19 March 2002 03:01 Published by
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THE R500 million South Park City development will shortly commence construction and when completed by 2005, will bring about substantial socio-economic transformation of the
THE R500 million South Park City development will shortly commence construction and when completed by 2005, will bring about substantial socio-economic transformation of the area and provide widespread long-term benefits for the Mitchell's Plain community.
Currently 65% of the local community of over a million people shop outside the area as the existing limited central shopping precinct becomes evermore overcrowded and crime-ridden.
Likely to generate at least 8 000 direct and possibly 25 000 indirect sustainable employment opportunities, other beneficiaries will be local emerging contractors (who will get at least 60% of the construction contract and a substantial transfer of skills from the main contractor), small, medium and micro enterprise (SMME) entrepreneurs in both the formal and informal sectors and the broader local shopping community.
The South Park City project is the brainchild of the Mitchell's Plain Industrial Development Trust (PMIDT)
The City of Cape Town is particularly pleased to be party to this dynamic project, said Councillor Kent Morkel, Executive Councillor for Economic Development, Tourism and Property Management, Given the substantial socio-economic potential, the South Park City development will add real value to the community upliftment and empowerment picture and, while addressing many of the historic disparities that exist in Mitchell's Plain, no doubt prove to be a catalyst for considerable future development in the area.

Publisher: Cape Business News
Source: Cape Business News

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