- Catalytic Project: Category A (in or near implementation)
- Area: Inner City
Project Update Available
In addition to the information on this page, which should serve as background information for the project at time of publication, please also see the latest project update (August 2021) here.
Project description
The Centrum site proposed development includes:
- Integrated Rapid Public Transport Network (IRPTN) station
- Extension of the ICC
- Development of a hotel to support the ICC
- Expansion of retail area
- Redevelopment of Gugu Dlamini Park
- City Library
- Council Chamber
- Residential developments
Socio-economic benefits
- Investment Value: R9.3billion
- Annual Rates: R67-million
- Construction Jobs: 3 350
- Permanent Jobs: 1 350
Project status*
- Urban design concept complete
- Negotiations with Public Works to consolidate their facilities on site is at an advanced stage
- Terms of reference for the appointment of the transactional advisor to develop an negotiate a development model are complete
Key issues / Challenges
- Different understanding by City departments of site development priorities.
- Delays in finalizing SCM for the library.
- Funding constraints for bulk infrastructure (parking constraints)
Response and way forward
- Finalize Public Works land sale agreement
- Finalize the development model for the entire site
- Finalize SCM issue around the development of the library
- Commence with the IRPTN underground station construction
- Finalize the feasibility of the extension of the ICC and hotel
*The above information pertains to March 2017. Please see updated info here
Contact / enquire
For the most current update on opportunities, project progress, outstanding actions and investment requirements, please see here or contact Invest Durban:
