Wednesday, 21 October 2009 02:00

Bay retail buildings fetch millions at auction

A public auction at the Radisson Blu Hotel saw top businessmen in Nelson Mandela Bay digging deep into their pockets to purchase four prime properties in the city on Tuesday.

Friday, 24 October 2008 02:00

Timely fund boost for Bay stadium

Nelson Mandela Bay will receive a cut of the extra R1,4-billion allocated for 2010 stadiums.

Sport and Recreation minister has criticised reports that Nelson Mandela Bay was behind schedule with the building of its 2010 soccer World Cup stadium

There are absolutely no grounds for panic as Port Elizabeth‘s 2010 Soccer World Cup stadium will be completed, at the very latest, in January 2009, five months before the Confederations Cup tournament.

Construction IndustryThese assuring words came yesterday from Nelson Mandela Bay 2010 director Errol Heyns.

This follows a series of media reports last week that due to an impending sympathy strike scheduled for yesterday at the stadium, the city‘s chances of hosting the Confederations Cup had been thrown out the window.

Heyns said: “Our planning made provision for a 45 000-seater stadium within a period of 22 months, ending in December 2008, or January 2009. There is absolutely no reason for panic. As far as critical items are concerned, the stadium is on track. It‘s early days for panicking.”

The pitch is scheduled to be ready in October next year and thereafter the roof will follow.

“The seats are most critical as Fifa needs to sell them through ticketing.”

While there were no guarantees of any sort in the construction industry, weather permitting, and with minimal disruptive industrial action, the stadium should be completed well in time, Heyns said.

He conceded, however, that other non-critical issues such as paving, painting, some lighting and tiling could stretch the completion time to April.

“The Confederations Cup will only kick off on June 15 and end on July 15. Before that, Fifa requires about six weeks to set up its equipment,” he said.

The construction of the stadium is divided into five levels. Level one and two comprise seating arrangements, level three is an office complex, level four is suites and level five is conferencing and retail facilities.

“We are finishing off level two, but other areas are already at level three and four.”

He said the 2010 project was big and would have challenges.

“There is no way that a project of this magnitude would be without challenges. The question is how you tackle those challenges when they show up.”

Heyns also dispelled reports that the stadium would be downgraded because of a R212-million shortfall which the municipality could not raise.

The shortfall, he said, had indeed occurred because major contractors had tendered for about 30 per cent more than had been budgeted for. However, the Eastern Cape provincial government had covered the shortfall.

“The stadiums will be built to Fifa specifications. There will be no downgrading,” he said.

Depending on how much subcontractors who would work with lighting, lifts, electricity, paving and lighting quoted, more shortfalls could surface, but the municipality would make plans to raise those shortfalls.

“We will look at different financing models,” Heyns said, but he would not specify what they were.

Ideally, the municipality wanted to create a whole new economic node in North End, with the stadium assuming a catalyst role for that, he said.

The node, which would be known as the “leisure entertainment precinct”, would see the North End Lake getting a cycling track and walkway, coffee shops, jazz cafes and nightclubs.

The municipality would spend about R1-billion on transport infrastructure around the stadium and elsewhere in the Bay.

At present about 1 370 people are employed on site. More are expected to benefit when sub-contractors start installing lighting, lifts, electricity, paving and tiling.

However, he also warned against people raising their expectations too high. “People should work hard and be competent in order to benefit. Be organised, competent and willing.”

The municipality was also looking at different ways to manage the stadium.

“These days stadiums have shifted from having a soccer pitch only. They have to be sustainable and profitable. So we are looking at office space, soccer, rugby and other revenue-generating facilities.”

 

 

Thursday, 15 November 2007 02:00

Workers give Bay stadium a red card

The Nelson Mandela Bay municipality has placed the North End coastal development project at the top of its priority ratings as recent research has shown that the area‘s coastline is worth a minimum of R5,25-billion a year.

Construction IndustryThis estimation is according to economic impact studies on the coastline if fully developed.

One was conducted this year by SRK Engineers and another in 2005 by Garnett-Adams Management Consulting. The study takes into account the value of the land and the proposed developments.

The project entails the reclamation of land from the sea by dredging, which would then be made available for development. The area is about 200m wide and 7km long to the north of the harbour next to North End and Deal Party.

The municipality wants the coastline developed as it will dovetail with the 2010 World Cup stadium precinct, providing the opportunity to make the North End area a vibrant precinct.

It will also link with the Red Location Museum precinct, the inner city development, Port of Ngqura and other developments in the area.

“The municipality identified the North End coastal development project as a major strategic programme which would serve as a catalyst to maximise the economic and social potential of the area,” municipal spokesman Roland Williams said.

“This in turn would contribute to the regeneration and urban renewal of the inner city and the degraded North End coastline.”

The implementation date has not been set as there are preliminaries to be dealt with.

Williams said that with the construction of the harbour breakwater quays in 1928, the nourishing supply of sand to this northern section of Port Elizabeth‘s coastline had been cut off. This had resulted in the buildup of sand to the south of the harbour at Kings Beach and the erosion of the North End and Deal Party section of the coastline.

“Based on a conservative analysis, the coastal zone of Nelson Mandela Bay is worth a minimum of R5,25-billion a year.” This was according to studies conducted this year by SRK Engineers and Garnett-Adams Management Consulting in 2005.

Williams said the maintenance of the Bay‘s coastal eco-systems, amenities and aesthetic assets was therefore of critical importance to the economic and social development and sustainability of the region, its stakeholders and residents.

The plan is to develop the area for leisure, entertainment, sport and retail.

The Port Elizabeth Chamber of Commerce and Industry (Percci) said it was in full support of the project.

Percci chief executive officer Odwa Mtati said yesterday the chamber supported projects which added economic value to the region.

 

On the face of it, the R39bn oil refinery that state corporation PetroSA plans to build at the Coega industrial development zone outside Port Elizabeth will bring much-needed additional refining capacity to an industry straining to provide growing demand for liquid fuel

Tuesday, 09 January 2007 02:00

Work to go ahead on R1,5bn golf estate

Construction of the R1,5-billion Wedgewood Village Golf and Country Estate in Greenbushes will start next month with about 70% of the plots sold

Nelson Mandela Bay has now received its allocation of close to R900m of the R14,9bn

A coastal development project which forms part of a R116m facelift planned for c's coast is on track

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