Cape Town Executive Mayor Dan Plato has signed off a R3.9 billion expansion to the V&A Waterfront’s Canal District.
The development will see a mixed-use development leading to the creation of at least 1 100 jobs during the obstruction phase.
“Following the recent approval of the R14bn Harbour Arch Development and the R4bn River Club development, which together will see roughly 40 000 jobs being created in Cape Town, the approval today of the V&A Waterfront’s Canal Precinct Plan, will see another significant boost to job creation for Cape Town,” Plato said in a statement.
Click here to read the full statement.
He said while the national lockdown had a major impact on cities across the world in 2020, City of Cape Town was “fully committed to doing everything we can to make sure our local economy bounces back even stronger than before.
“With these major infrastructure developments and the huge job creation opportunities it delivers, it is clear that investors – both local and international – have confidence in doing business in our city and this will offer significant benefit to our residents”, Plato said.
Picture: Cape Town etc gallery