A multi-billion rand project, Cornubia, as a mixed use and mixed income development, spanning over 20 years, is the province's and ethekwini's first national priority, and will alter the skyline of Umhlanga in the future. Cornubia will be the home of the next major industrial area in the north,with approximately 80ha coming on to the market in 2012.This will be a key industrial development with linkages to the new international airport.
The planning of Cornubia is based upon the principles of sustainable development with higher densities, a wide range and integration of income levels, employment and economic opportunities, substantial provision for schools, clinics and other social facilities, predicated on viable non motorized and public transportation and extensive open spaces.
The development is proposed to provide some 20 000 homes of which 15 000 are proposed for subsidised housing (by the Municipality in partnership with the Province view Cornubia as a key flagship project) and the balance for a wide range of affordability levels.
The development is strategically located (some 15km south of the new King Shaka International Airport) between the historically created and disadvantaged areas of Phoenix, Ottawa and Waterloo and newer areas of Mt Edgecombe and Umhlanga and has been planned to integrate these very different and disparate communities in a manner which adds value and enhances linkages and opportunities to all.
CREATING JOBS. MAKING A DIFFERENCE!
There will be 80ha of industrial platform and over 1 Million m² of commercial floor area. Approximately 400ha of land will be included into a rehabilitated open space system.
It is therefore a significant development which has the real potential of creating substantial housing opportunities as well as employment and economic opportunities and will serve as a benchmark for future developments in South Africa.
The development is envisaged to create around 48 000 permanent, quality jobs and approximately 15 000 construction jobs sustained over a 15 year period.
Total estimated investment in buildings and infrastructure is R24 Billion at current prices. Rates generation will amount to over R300 Million per annum with other public benefits including VAT of R2.1 Billion and tax receipts of a further R0.8 Billion during the construction phases only.
KEY OBJECTIVES
To create stakeholder value through the delivery of a balanced, economic, environmental and social return which is financially viable, contributes to redressing inequalities and enhances the quality of life and value of the area.
To contribute to building, consolidating and integrating the social and economic base of the region.
To ensure a sustainable mixed use, inclusionary mixed income development that maximises the development outcomes for housing, employment as well as investment and economic opportunities.
Size in hectares of the industrial platform.
Size in hectares public open space (landscaped parks & gardens, rehabilitated wetlands and DMOSS etc).
Total size in hectares of the land on which Cornubia will be developed.
The year the project is likely to be completed by.
Low cost (subsidised) houses.
Residential units planned for this development.
Square metres of residential bulk.
Square metres of commercial bulk (office park, business/activity park & mixed use retail).
