The eThekwini Municipality is rolling out a large-scale spatial transformation projects in partnership with the private sector. The investment value for these projects are usually more than R500million and they contribute substantially to job creation and economic growth in the region.
EThekwini is poised for massive economic growth from several catalytic projects that are underway and progressing well. They are earmarked to boost the Municipality’s rates base, transform the local spatial footprint, and create many employment and business opportunities.
Known for their socio-economic impact, these projects are usually based on key national routes and previously disadvantaged township areas. Fast-tracking their implementation is the biggest programme which the city, business, and other tiers of government can implement to generate revenue and create jobs. This focus on investment, construction, and infrastructure development is in keeping with National Government’s focus on infrastructure and investment development in the 2021 State of the Nation and Budget Speech addresses. It is seen as a key driver of economic recovery after the Covid-19 pandemic.
Keystone Logistic Park Development, Shongweni Retail and Residential Development, Oceans uMhlanga, Whetstone Business Park Development and Avoca Nodal (Brickworks) Development are some of the catalytic projects due for implementation in the short term.
Additional Catalytic Projects in Durban include:
1) Aerotropolis North Corridor
- Dube Trade Port
- Inyaninga/oThongathi Aerodistrict
2) M4 and uMhlanga North Corridor
- Cornubia Mixed-use Development
- Virginia Site Re-Development
- Sibaya Casino, Retirement Village, and Advetech University
3) Central/North Corridor
- Midway Crossing Shopping and Community Service Centre
4) Inner City Central Corridor
- Point Waterfront Development
- Centrum Site Development
- Durban Film City
- Warwick Precinct Transport Hub
5) N3 West Corridor
- Cato Ridge Multi Modal Development
6) N2 South Corridor
- Automotive Supplier Park
The total investment value of these catalytic projects over 60 years is R217 billion.
The Municipality is working on a number of these projects that have the potential to make a regional impact.
Private sector investment value
Completed projects: R21.2 billion
Ongoing implementation: R132.4 billion
City investment value
Completed projects: R260 million
Ongoing implementation: R5.9 billion
Jobs created during construction
Completed projects: 17 450
Ongoing implementation: 121 820
Jobs created after construction (Direct and Indirect)
Completed projects: 26 000
Ongoing implementation: 143 300