Promethean Waterfront – a tourism node for Barkly West

Project location

The project is located on the banks of the Vaal River in the town of Barkly West in the Dikgatlong Local Municipality, Northern Cape, South Africa.

Targeted sectors: Tourism and heritage.

Project background

Barkly West has been earmarked for a multifaceted development project with the potential to bolster the local economy. Promethean Property, a local investment company, in conjunction with SIZA Architects & Project Managers, has teamed up as the developers of the project. Dikgatlong Municipality will be engaged through the multi-year lease for the land.

Finance

The project is being developed in terms of the Public-Private-Partnership Project Cycle in terms of the Treasury Regulation 16 of the Public Finance Management Act, Act 1 of 1999.

Project description

An entertainment resort that compromises:
  • A water park
  • Arcade games and fun rides
  • Food court
  • Wave pool
  • Chalets
  • Upmarket self-catering riverside accommodation
  • People’s park (outdoor events with permanent stage)
  • Picnic/braai area
  • Lifestyle centre
  • Retail and commercial outlets
  • Regional mall
  • Middle-income housing
  • Government subsidised housing
  • Residential estate
  • Apartments
  • Hotel and conference centre
  • Casino (depending on legislation)
  • Office park

Project status

The project is at the start of the feasibility and business case phase. A detailed feasibility study will cost about R12-million.

Key facts

Investment value: Overall R2.5-billion, including bulk infrastructure. Phase 1 (Waterpark and chalets): R800-million

Job creation: 6 743 jobs

Finance

The project will be financed by a private investor/s with the government providing enabling infrastructure and various incentives.

To discuss the opportunity, please contact the Project Directors:

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