Name and Location
Coega Ridge mixed-use development project, Eastern Cape, South Africa.
Client
Nu-Way Housing Developments.
Project Description
The Coega Ridge development is adjacent to the Coega industrial development zone.
The ‘holistic’ housing development will comprise 40 000 housing units catering for all tenure groups, including subsidised, rental, affordable and high-income housing.
Phase 1 will include up to 2 500 housing units. The development will include community facilities in addition to schools, a university, a technical college, a hospital, neighbourhood shopping centres and a regional shopping centre spanning 110 000 m2.
There will also 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.
At the height of construction, up to 5 000 jobs a month will be created.
Value
The development has an overall value of more than R6-billion.
Duration
The project will be rolled out over six to ten years.
Phase 1 could begin within 24 months, pending the approval of the project’s town planning and the cooperation of stakeholders.
Latest Developments
The project has received approval from the Department of Environmental Affairs, paving the way for town planning to begin.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Nu-Way Housing Developments media liaison Brian Anthony Hayward, tel +27 41 373 4100 or email brian@briananthony.co.za.