Cape Town - Cape Town’s foreshore is due to get a large hospital as well as become the home of important technology companies from Johannesburg.
According to Western Cape Transport Minister Robin Carlisle, this would form part of the massive R5bn-odd development on the vacant ground between the Cape Town International Convention Centre (CTICC) and the Artscape, which was currently being used for open-air parking.
The preparatory phase was almost complete and the development had already been fully let.
This included the CTICC expansion almost doubling its space, said Carlisle, who was a speaker at the opening of the Western Cape Property Developers Exhibition.
Carlisle added that the Western Cape Government was also considering developing the government garage premises in Roeland Street and that of the Somerset Hospital beside the V&A Waterfront.
Government would prefer to develop government property by means of leasehold rather than sell it, said Carlisle. In this way revenue streams could be developed which could in turn be used for other expenditure, such as for hospitals.
About 40 000 families migrated to the Western Cape every year, he said, and some 25 000 of these were not economically self-supporting. It was therefore important for Carlisle and his department to adopt an approach of economic growth through infrastructure investment.
For business news in Afrikaans, go to Sake24.com