Mega Projects is a R100 billion economic corridor investment that aims to deliver more than 800 000 houses within 30 residential developments spread across the five development corridors in Gauteng, namely:
• The Central Development Corridor, anchored on the City of Johannesburg as the hub of finance, services, information and communication technology, and pharmaceutical industries;
• The Eastern Development Corridor, built around the economy of the Ekurhuleni Metro as the hub of manufacturing, logistics and transport industries;
• The Northern Development Corridor, anchored on Tshwane as the administrative capital city and the hub of the automotive sector, research, development, innovation and the knowledge-based economy;
• The Western Corridor, encompassing the economy of the West Rand district and the creation of new industries, new economic nodes and new cities; and
• The Southern Corridor, encompassing the economy of the Sedibeng district and the creation of new industries, new economic nodes and new cities.
Funding Instruments
Equity
- Debt
» Short term
› Working capital
› Bridging finance
» Long term
- Bulk Infrastructure Funding
Human Settlements Mega Projects
Key components of Mega Projects for the city region
- Public housing
- Open public spaces and landscaping
- Trader stalls
- Transport
- Taxi ranks, bus and train stations
- Bulk infrastructure
- Energy and electrification
- Roads
- Business
- Filling stations
- Commercial enterprises
- Light industries
- Funding – infrastructure, housing and business