Tongaat's Ntshongweni urban development gets go-ahead
Agricultural group Tongaat Hulett says it has all approvals in place for its Ntshongweni urban development after 20 years of planning.
Tongaat said on Tuesday breaking ground on the mixed use development was due to commence in the first quarter of 2019.
The first phase of the 2 000 ha project near Durban is expected to create 19 000 construction jobs and over a 20 year period Ntshongweni is expected to generate 400 000 temporary construction jobs, 35 000 permanent jobs, R700-million in annual rates for the eThekwini municipality and R5.1-billion in annual tax revenue.
Ntshongweni’s prime location on the N3 highway which links Durban to the economic heartlands of Gauteng and the Free State provinces will likely bring substantial economic benefits especially for the logistics sector.
"The N3 corridor is currently the country’s busiest transport route and will be upgraded in line with the aim of improving the country’s logistics and transport links," Tongaat Hulett Developments managing director Michael Deighton said.
"Linking into this important strategic corridor, the people-centred Ntshongweni Urban Development will create a benchmark for the way in which new, integrated, inclusive South African urban precincts are developed. From urban planning through to the residential, retail, commercial, recreational, logistics and light industrial activities, the mixed uses of this area are vast.”
Tongaat Hulett is an agriculture and agri-processing business, focusing on the complementary feedstocks of sugarcane and maize.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation