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Vaal River City, a new riverfront development pushing boundaries – Moneyweb

A mixed-income and high-density development emerges.

Source: www.moneyweb.co.za

This has been dubbed South Africa’s “first post-apartheid city”, and is a private-public partnership with an expected construction cost of as much R11 billion for the total scheme.

The proposed development, which was unveiled to the media on Friday 15th May 2015, resides in a 250-hectare piece of land, spanning the upper end of Vanderbijlpark, Sharpeville and Emfuleni City through to Sasolburg and the Vaal.  Sedibeng has lacked proper investments, resulting in poor infrastructure and lack of proper job opportunities. On a social level, the dearth of facilities has led to residents travelling far to work, retail and healthcare amenities.

This is just the beginning for development in the old Vaal Triangle and is the first of 3 phases. The Vaal Dam is also earmarked for the next boom says Williams-Wynn the chairman of Vaal Marina rate payers and business association. The dam will become the "table mountain of Gauteng" and falls in-line with instructions from the departments of tourism. Williams-Wynn is busy with private-public partnership agreements in the area.

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