Aerotropolis project in SA seeks investors

Interested in this opportunity?

Project summary

Objective
I am seeking investment, loans or funding
Short description

The $100bn project is part of the spatial development framework of Mangaung Municipality.

Project details

The airport development node will significantly boost the economy of Mangaung Metro Municipality in Free State Province.

Located along the N8 road towards the Mangaung towns of Botshabelo and Thaba Nchu, the aerotropolis will boast services ranging from a shopping mall, educational and civic sites and an urban square to an international conference centre, hotels, and mixed housing.

When executive mayor Thabo Manyoni took office in 2011, he ensured that the node forms part of the spatial development framework of Mangaung to reposition the city economically and financially.

Phase 1

In the first phase, 700 hectares (the size of the current central business district) of the 2000 hectares set aside for the node will be developed. During the bulk services delivery alone, 11 000 jobs will be created.

Once developed, Phase 1 will have an investment value of approximately R100-billion.

The first phase will include developments such as a 50 hectare urban square, the international conference centre and related amenities such as hotels, business centres and niche shopping facilities.

"We are excited about this project because we believe that Mangaung is central in the footprint of the country and sitting at the crossroads of major movement routes on the national highways as well as rail transport converging in the metro," said the head of the department for planning at Mangaung Municipality, Kaba Kabagambe.

In the first phase, Mangaung’s first solar farm will also be built with the expectation of powering the new development with clean sun energy.

Besides being an economic hub for residents and visitors, there will be strides to ensure the new town promotes a healthy lifestyle by making it pedestrian friendly.

"The political leadership of this metro is going to be hands on in the planning phase. We want an environment where people can walk and work and an environment that will be able to promote a healthy lifestyle," said councillor Manyoni.

Through the node, the city seeks to address the five-fold issues of economic growth, job creation, poverty reduction, effective service delivery and social justice.

"The airport node is the largest municipal owned and driven airport city project within the South African Development Community region," says Kabagambe.

It will be significant in the overall development of Botshabelo and Thaba Nchu with the revenue generated from the project to be used for necessary cross-subsidisation of critical projects in Botshabelo and Thaba Nchu.

Phase 2

In the second phase of the development project, the node will evolve into a dry port that will be a central area where all the modes of transport converge for the development of the area. The idea is the creation of a central location from where goods manufactured/grown in the area can then be distributed or exported.

If any of the exciting opportunities highlighted here interest you, respond to this opportunity to learn more about how you can get in on the ground floor.

Key facts about this project

Region / country
Bloemfontein (Free State)
Sectors
Retail, Education, training and research, Commercial property development, Residential property development, and Air transport
What type of investor are you looking for?
Professional private 'angel' investor , Venture / Private Equity , and Corporate investor
Type of funding sought
Equity (Purchase of shares)
Deadline for expression of interest
08-2014
Management presentation available
Yes
Prepared to deal with a syndicate of investors:
Yes
Business plan available
Yes
Company owner or broker
Owner
Investment stage
Early / concept stage - inviting expressions of interest
Investment amount
$ 100,000,000 - $ 100,000,000
Development stage of company
Developing and profitable

About the company

Thumb mangaungmm120x120

Mangaung Metropolitan Municipality

The Mangaung Metropolitan Municipality is one of South Africa’s eight metropolitan municipalities and is located in the Free State Province, in the centre of South Africa. Being the sixth largest city in the country, the Mangaung municipal area covers more than 6 263km2 and hosts a population of about 850 000 people.

Interested in this project?

Interested in this project?

Share

Request to connect

×

Find business partners the
smart
way

Matchdeck is the world’s smartest business matching network. Get started with a free project and find matching partners today.

Matchdeck thumb large
×
Sign up / login to Matchdeck
Sign up
{{loginFactory.state.serverMessage}}
Password reset instructions have been sent to the email address you've specified.
Back to login
Required
Your username has been sent to the email address you've specified.
Back to login
Required
Required
Required

Forgot your password ?