The Cape Town skyline may be transformed within the next 10 years with the completion of 11 new skyscrapers on prime city-owned land in the central business district foreshore.
The City of Cape Town called for proposals from developers to complete the city's iconic unfinished highways and alleviate crushing rush hour traffic.
The apartments in the 11 skyscrapers, which will reach heights of between 63 metres and 143 metres, will be sold to fund the massive infrastructure development. The buildings will also include some affordable housing units.
The skyscrapers are a proposal by Mitchell Du Plessis Associates (MDA). MDA was the only proposal out of seven submitted found to be "qualifying" by the City of Cape Town's bid evaluation committee, which reconstituted after allegations of corruption surfaced.
The proposal called for the connections between Helen Suzman Boulevard and the N1 and N2 freeways to be completed, City of Cape Town mayoral committee member for Transport and Urban Development Brett Herron told Business Insider South Africa.
MDA's proposal was the only one found to be sufficiently self-funding, Herron says.
"Now that we have a qualifying bidder, the bidder has six months to conclude an agreement with the City. In that six-month period, their investors or financiers need to demonstrate that they are on board," he said.
Herron warned that MDA's final proposal is still subject to approval by the City, and if found unfeasible might not see the light of day. The bid process will then be restarted.
MDA, however, hopes that construction will start by October 2020 – at an overall estimated cost of R8.6 billion.
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