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The R30 billion infrastructure development project is the result of a public-private partnership between Balwin Properties, the Gauteng provincial government and the city of Tshwane.
President Cyril Ramaphosa launched the Mooikloof Mega Residential City project in Pretoria on October 4, 2020. Image: @ GovernmentZA / Twitter
PRETORIA – President Cyril Ramaphosa said Sunday that his administration was now focusing on implementation.
Ramaphosa spoke during the launch of the Mooikloof Mega Residential City project in Pretoria.
The R30 billion infrastructure development project is located east of the capital. It is the result of a public-private partnership between Balwin Properties, the Gauteng Provincial Government and the City of Tshwane.
Once the project is finished, it would have about 50,000 apartments.
President @CyrilRamaphosa receives briefing from CEO Stephen Brookes on new development that addresses the spatial and social inequality of South Africa’s urban fabric, providing access to lifestyle services previously inaccessible to people from lower income groups. pic.twitter.com/ww0mOMnIfu
– Presidency | South Africa 🇿🇦 (@PresidencyZA) October 4, 2020
“Once completed, Mooikloof Mega City may end up becoming the largest sectional property development in the world, with land also used for schools, shops and offices,” Ramaphosa said.
“It is gratifying to note that development is being pursued in accordance with green building principles and will make optimal use of greenbelts and green spaces for residential recreation.”
The president said he was grateful to launch development, saying it was something that would help reject the apartheid design that relegated many people to the periphery.
“While a minority lived comfortably and safely with access to commercial activity centers, the black majority were confined to municipalities that served as labor reserves. In the rural areas of our country this was even worse, with the underdeveloped Bantustans along with the so-called richer white South Africans, ”said the president.
He added: “We continue to feel the effects of apartheid spatial design in what could be called the 40/40/40 principle.
“This means that most people live within 25 miles of job opportunities, as a result they spend more than 40 minutes traveling to and from work and spend more than 40% of their income on transportation expenses. In many cases, those affected are the poor who live in 40m2 houses ”.
[Photos] President Cyril Ramaphosa arrives at the official launch site of the Mooikloof residential mega-city along with Ministers Lindiwe Sisulu, Patricia De Lille and @GautengProvince First David Makhura. pic.twitter.com/z2RVLPdY5P
– Government of South Africa (@GovernmentZA) October 4, 2020
The president said the project was a ray of sunshine in otherwise bleak weather and demonstrated the strength of public-private partnerships.
“The success of any future mega-urbanization depends on the collaboration of the public / private sector. Resources and expertise from the private sector will assist the government’s efforts to meet the demand for housing. The public sector can incentivize further investment by providing the bulk infrastructure needed to enable development, ”Ramaphosa said.
“It is this approach that has made this development take off.”
Once completed, the apartments would sell for between R500,000 and R800,000, targeting state employees.
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