Coega’s second phase is under way

Posted On Friday, 11 March 2005 02:00 Published by eProp Commercial Property News
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THE Coega Development Corporation had begun developing the second phase of the industrial development zone four years ahead of schedule to meet the demand for land, Coega spokeswoman Vuyelwa Qinga-Vika said yesterday.

Property-Housing-Residential"We are one of only a few places in the world with land, infrastructure, a deep-water port and low energy costs," she said.

About 4700ha of the 11500ha Coega industrial development zone have already been rezoned from agriculture to industrial use. The corporation has commissioned a rezoning environmental impact assessment for the remaining 6800ha of useable land.

Qinga-Vika said all the potential effects of the development on the fauna and the flora in the zone had been covered in previous studies.

"We reserved the land for industrial use … and do not expect any other unforeseen surprises about the land use," she said. Once rezoned, the land will place Coega in a stronger position to sign up the investors who are showing interest, she said.

"Our aim is to cut the lead time so that tenants can worry about other things than the rezoning," Qinga-Vika said.

The projects are in the logistics, high-end textiles, vehicles, light metals, metallurgical and energy sectors both locally and foreign. The have a total value of about R30bn. I-Net Bridge

Last modified on Thursday, 26 June 2014 14:37

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