Project summary
- Investment value: R10.1-billion
- City contribution: R222-million
- Developer contribution: R9.9-billion
- Investor: JT Ross & Investec
- Start and finish date: 2015 – 2035
- Jobs created: 51 500 (Construction) and 19 000 (Operations)
- Annual revenue: R120-million
Progress to date*
Completed Activities:
- EIA
- WULA
- TIA
- SPLUMA Applications
- Rates Rebates MOA signed
Next steps
Old North Coast Road
- BSC Meeting on 08/02/2021
- BEC Meeting on 10/04/2021
- Construction will start in July 2021 for a period of 30 months, which will finish on the 15/02/2024
Electricity
- Finalise land purchase & registration by July 2021
Private Sector
- Phase 1 construction to commence March 2021 for Brickworks
*At date of source publication
See historical data about the project here
Contact for more information:
For more information about investment opportunities relating to this project, please contact Invest Durban, using Avoca Nodal Development as reference in the subject line:
