Promethean Waterfront – a tourism node for Barkly West
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.
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.
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.
An entertainment resort that compromises:
- A water park
- Arcade games and fun rides
- Food court
- Wave pool
- 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
- Hotel and conference centre
- Casino (depending on legislation)
- Office park
The project is at the start of the feasibility and business case phase. A detailed feasibility study will cost about R12-million.
Investment value: Overall R2.5-billion, including bulk infrastructure. Phase 1 (Waterpark and chalets): R800-million
Job creation: 6 743 jobs
The project will be financed by a private investor/s with the government providing enabling infrastructure and various incentives.