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New infrastructure worth R809-million in 18 months

Online since 5.11.2015 • Filed under Advertorial • From Issue 16 page(s) 22

The Coega Development Corporation (CDC), operator of the Coega Industrial Development Zone (Coega IDZ), reports that development and investment continues to boom in the country’s industrial real estate hotspot along the Indian Ocean coast. In the 2014/2015 financial year, and including the 2015/2016 financial year first quarter, new infrastructure development projects with a value o R809-million were completed in the Coega IDZ.

The combined area of investor expansions, new facilities and special infrastructure projects in the Coega IDZ, such as the laydown area for abnormal cargo near the deep-water port of Ngqura, had a footprint 164 007m². ‘Logistics, agro-processing, chemical and energy sectors have been the main growth drivers over the last 18 months,’ says CDC head of marketing and communication, Dr Ayanda Vilakazi.

Newly completed infrastructure development projects have included the Afrox and Air Products plants, with a combined value of R600-million, and several projects for logistics companies including UTI, Vector Logistics and ID Logistics, with a pooled value of R200-million. The laydown area’s project value was R9-million,’ he adds.

Signed investor lease agreements finalised towards the end of CDC’s 2014/2015 financial year will introduce new industrial and commercial activity on 80 666m² of land in the Coega IDZ in the 2015/16 financial year, and the value of these came in at R214-million. The value of commercial and industrial assets currently under construction in the Coega IDZ is R3.6-billion and covers an area of 169 170m².

Coega Development Corporation

T 041 403 0464

E ayanda.vilakazi@coega.co.za

Issue 16

Issue 16

November 2015

This article was featured on page 22 of
To Build Magazine Issue 16.

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