08 May US $277m V&A Waterfront expansion project in SA set to begin soon
The US $277m V&A Waterfront expansion project in Cape Town, South Africa is set to begin soon. This is after the City’s Executive Mayor Dan Plato signed off on the project. The major infrastructure development will see a mixed-use development leading to the creation of at least 1100 jobs during the construction phase.
V&A Waterfront expansion project
The 10.5 hectare Canal District includes expansion projects on either side of Dock Road and surrounding the existing Battery Park Development. The District provides the first point of contact for visitors entering the V&A Waterfront from the city, creating a seamless link to Dock Road in the Waterfront from the CBD.
Building height in certain parts of the extension east of Dock Road will be limited to 60 meters – this is considered appropriate sensible planning to increase floor space, given its location in the City Foreshore area, where a number of the tallest buildings are located.
The City’s Integrated Development Plan (IDP) and, the Municipal Spatial Development Framework (MSDF) promotes the building of an inclusive, integrated and vibrant City to manage urban growth in a balanced and responsible manner, while improving access to economic opportunities.
Having considered all relevant legislation, development frameworks and guidelines, this development is not only beneficial for economic recovery and job creation, but it is also one of the key nodes within the city. The V&A Waterfront is identified as a location that will remain an attractive destination for locals and international visitors for decades to come. Significant and sustained investment by the private sector facilitated by the City of Cape Town, will ensure the long-term sustainability of Cape Town. The concept is therefore, approved.