Nelson Mandela Bay has experienced a construction boom led by the Baywest Mall and Coega Development Corporation (CDC).
The developers of Baywest Mall revealed recently that since construction started in mid-2013 independently audited figures showed that nearly 4 300 people have been employed on site, representing a 43.3% increase on the initial forecast.
Baywest MD Gavin Blows points out that the Baywest Mall is only the start of the development of the entire Baywest City precinct.
“Construction will continue once the mall opens as other developments get underway.”
Construction “milestones” on site include the completion of the mall’s 65 000 square metre roof this month and the latest bridge over the N2 freeway, which is part of the R300 million Baywest roads development project.
Baywest said in a statement that Basil Read, which is responsible for the road development, was “on course to complete the first phase of the project by March next year”.
This included linking the western suburbs to the N2 freeway by extending Walker Drive .
The entire roads project will be completed by September 2015 when Cape Road in Bridgemead/ Rowallan Park is linked to the N2.
The CDC announced recently that it had several construction projects collectively worth R4 billion “on track” that would reach completion before the second quarter of the 2015/16 financial year.
The CDC said at the time that the construction boom was “a clear sign of positive business growth and investor confidence in the Eastern Cape and South African economy”.
One of the major projects currently under construction in the Coega Industrial Development Zone (IDZ) is the R3.5 billion Dedisa Power Peaking Plant.
Construction is “progressing well” and there are currently more than 1 100 workers on site.
Article published from Metro Minutes by Patrick Cull.