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
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.
