City of Jo’burg holds ceremonies for properties earmarked for redevelopment

SABC News Inner City Project Twotter @CityofJoburgZA - City of Jo’burg holds ceremonies for properties earmarked for redevelopment

The City of Johannesburg will be holding sod-turning ceremonies on Wednesday for the first four of 84 properties earmarked for redevelopment. The properties represent part of a R22 billion investment in the inner-city which is expected to generate 11000 direct construction sector jobs.

The inner-city revitalisation project is expected to yield approximately 6 500 units of affordable housing with rentals beginning from R900 per month.

Jo’burg Mayor Herman Mashaba says the inner-city will be officially turned into a construction site.

“Today is honestly another historic day for the City of Johannesburg, if not South Africa. First of December 2016, I made a huge pronouncement that I want to turn the inner city into a construction site to provide affordable housing for our people, our students and SMMEs. So today we are now doing the sod turning of the four of the 84 awarded contracts.”

The post City of Jo’burg holds ceremonies for properties earmarked for redevelopment appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..

Leave a Reply

Your email address will not be published. Required fields are marked *