Opening of road through Kruger Park on the horizon

Posted On Monday, 11 July 2005 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

The new road through the Kruger National Park to Mozambique will soon be opened.

Property-Housing-ResidentialThe new road through the Kruger National Park to Mozambique will soon be opened. It is not only good news for holidaymakers, but Phalaborwa is also experiencing immense economic growth. Until now the town's future depended on the mines, but tourism is rapidly becoming more important.

The Phalaborwa road to the Kruger National Park stretches to Letaba, where is turns away to other camps. As part of the Great Limpopo Trans-frontier Park with Mozambique and Zimbabwe a road has been built from Letaba to the Mozambican border, as well as a border post. The work on the South African side is just about completed, but construction work is still under way in Mozambique.

There is also not much of a road yet. When the new road is completed, South Africans will be able to drive through the park to the breathtakingly beautiful beaches of Mozambique. "Due to the importance of this conservation development it was recommended that this facility should be opened by the heads of state on a date to be determined by their availability," says Ben van Eeden, the manager of the northern part of the park.

Route attracts investor attention
In the meantime, the route has also attracted the attention of investors and Phalaborwa is experiencing a property boom. Chris Kruger of the Phalaborwa Trade and Tourism Board says: "We can see developers moving in from all over the country, as well as serious interest from overseas in buying property in Phalaborwa as a town. What we've seen previously was people investing in land outside town, but that has become very expensive."

Phalaborwa already has 54 lodges. Three weeks ago an investors from Cape Town bought 200 sites and one of the lodges. However, that is not all. "We are also currently busy with negotiations of an outside investor to develop in Phalaborwa and we are looking at about R300 million, which he will invest in this area over the next three years," says Amelia Bouwer, a Phalaborwa town marketer.

The expectations are that the border post will be opened between September and October. It will probably only be open from 8am until 4pm every day and no commercial traffic will be allowed.

Last modified on Thursday, 22 May 2014 12:23

Most Popular

Anuva Investments launch Section 12J hospitality fund with property partners Flyt Property Investment

Oct 18, 2019
Zane De Decker HR
Investment into Section 12J venture capital vehicles has seen a huge uptake over the last…

Fairvest to become fourth property company to list on A2X

Oct 30, 2019
Fairvest Property Holdings, a real estate investment trust with a market cap of R2…

Property market ready for take-off as bond grants rise

Oct 18, 2019
BetterBonds Mortgage Monitor
Housing demand has continued to gain momentum since the start of the year and in the…

Significant shifts in the Winelands commercial sector

Oct 18, 2019
Caption Somerset West commercial
A decade of corporate semigration and decentralisation fuelled the Winelands commercial…

Equites Property Fund Interim Results

Oct 18, 2019
Andrea Taverna Turisan CEO Equites Property Fund
Equites Property Fund Limited (Equites) today announced distributable earnings for the…

Please publish modules in offcanvas position.