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HomeConstruction and EngineeringCornubia Integrated Development 2024

Cornubia Integrated Development 2024

Cornubia is a 1300 ha mixed-use development and is a public-private partnership with Tongaat Hulett Developments. This is a 2024 update on the project.

Cornubia Integrated Development

Project description

Cornubia is a 1300 ha mixed-use, mixed-income development, incorporating industrial, commercial, residential and open space uses. It is a public-private partnership with Tongaat Hulett Developments.

Investment value

R33.1-billion

Sources of funding
  • USDG
  • PTNG
  • City Funding
  • BFI
Funding gap

R1.8-billion:

    • Public Transport Infrastructure
    • Water
    • Electricity
No. of jobs to be created 
  • Women – 24 000
  • Youth – 36 000
  • Disabled – 960

Project Status¹

  • Implementation Stage
Regulatory requirements of the project:
  • EIA
  • SPLUMA
  • PPFA
  • Health and Safety
  • MFMA
Unblocking issues needed to be resolved:
Corridor 9 Roadworks
  • Procurement – June 2024
  • Award and Implementation – August 2024
  • Completion – July 2027
Blackburn to Phoenix 1 Pipeline
  • Procurement – Jan 2024
  • Implementation – March 2024
  • Completion – July 2027
Funding application
  • Legal vetting of SLA for CBA specialist services – Jan 2024
  • PPD MOA with DBSA – Jan 2024
  • IF appointment for CBA – April 2024 (3 months)
  • Closing BFI/ IF identified GAPS – March 2024
  • Project plan packaging – March 2024
  • BFI application – Aug 2024
Part of the Cornubia Integrated Development. (Supplied: eThekwini Municipality)

Partnerships

  • Municipality & Tongaat Hulett Properties (THP)

Contact the project team:

Potential investors interested in this project are encouraged to contact the project team with a brief introduction:

    ¹ At time of publication (2024). For further updates, please contact the project team.


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