Successes of the Completed Key Catalytic Projects
The city anticipates a return on investment from the completed catalytic projects, to the estimated value of R130 million.
Reimagine Durban
Reimagine Durban is the digital communication platform about the EThekwini Municipality's ECOD Cluster.
Reimagine Durban showcases catalytic developments that are about the economy, infrastructure, environment, tourism and citizens.
Successes of the Completed Key Catalytic Projects
17 450 Jobs within the construction sector were created.
25/10/2021
Cornubia Integrated Development
A joint project between EThekwini Municipality, Provincial and National Departments of Human Settlements as well as Tongaat Hulett Developments.
The R25.8 billion Cornubia Development is a strategic flagship programme of eThekwini Municipality. The project is based on a framework of public-private partnerships where, apart from the housing solution it provides, it also creates the opportunity for emerging business to become part of the development framework. Cornubia is a government priority project and large scale mixed-use, mixed income integrated human settlement. The City is expected to reap R237 in revenue from this project. Additionally, more than 100 000 jobs will be created through the development.
Set in a prime location its is a mixed use and mixed income development. It further includes industrial, residential and commercial spaces as investment opportunities.
25/10/2021
Umhlanga Node
One of Durban’s responses to the current state of the economy is to focus on investment, construction, and infrastructure development. This is in keeping with the President and Minister of Finance’s infrastructure and investment focus in the recent 2021 State of the Nation and Budget Speech addresses.
One critical avenue is the facilitation of catalytic projects by the City’s Catalytic Projects Unit. Catalytic Projects are investments with a value of above R500 million and significant economic and socio-economic impacts for Durban’s economy. 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.
The Umhlanga Ridge Office Parks are part of the catalytic projects that have reached completion, contributing meaningfully to economic activity for EThekwini Municipality.
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