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Coega Ridge mixed-use residential development project, South Africa

22nd May 2015

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Coega Ridge mixed-use residential development project, Eastern Cape, South Africa.

Client
Nu-Way Housing.

Project Description
The project involves the construction of 40 000 housing units on 3 200 ha along the R335 to Addo, alleviating Nelson Mandela Bay’s housing backlog of 87 000 units.

Coega Ridge will also include community facilities in addition to schools, a university, a technical college, a hospital and neighbourhood shopping centres, as well as a regional shopping centre spanning up to 110 000 m2.

Also included in the development will be a light industrial area, a railway station, office parks and a sports academy.

An upmarket eco-estate with a golf course and a hotel is also in the pipeline.

Value
R20-billion.

Duration
The project will break ground in 2018 and will be developed over six to ten years.

Latest Developments
Nu-Way has indicated that town planning for the project could be completed by 2017, after which – pending approval from all relevant provincial and local stakeholders – construction on Phase 1 could start.

Project civil engineers company Aurecon has outlined that enough basic infrastructure services are in place to begin the first phase of construction, which will result in about 5 000 housing units being built.

Key Contracts and Suppliers
Aurecon (civil engineers).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Nu-Way media liaison Brian Anthony Hayward, tel +27 41 373 4100 or email brian@briananthony.co.za.
Aurecon, tel +27 12 427 2000, fax +27 86 556 0521 or email tshwane@aurecongroup.com.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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