South Africa to develop new city

Hong Kong- listed property development Group Shanghai Zendai is to construct a US$7.66 billion new Modderfontein City in South Africa beginning in 2015. The project includes construction of a university, schools and a contemporary African gallery. Development of infrastructure, among them a Gautrain station planned for the next four to five years, is part of construction works awarded about US$273 million. The new city comes about as a result of the need for access to information technology (IT) and inte
September 15, 2014 Read time: 2 mins
Hong Kong- listed property development Group Shanghai Zendai is to construct a US$7.66 billion new Modderfontein City in South Africa beginning in 2015. The project includes construction of a university, schools and a contemporary African gallery. Development of infrastructure, among them a Gautrain station planned for the next four to five years, is part of construction works awarded about US$273 million.

The new city comes about as a result of the need for access to information technology (IT) and integrated public transport systems. The CEO of Zendai Development South Africa, Anthony Diepenbroek, noted that this would be ‘the South African city of the future’.

Diepenbroek also said that access to IT and cost effective public transport would see Modderfontein develop into an urban centre, which is seen as a sustainable ‘smart city’ with cost-effective IT systems and an integrated public transport infrastructure.

“Our vision that the new city will become a unique landmark that will transform Modderfontein into an international cosmopolitan asset with a cultural and art element,” said Dai Zhikang, the founder of Shanghai Zendai Investments.

Related Content

  • Future of tolling: the priorities
    January 14, 2020
    In the final part of his investigation into the future of tolling technology, Josef Czako of Moving Forward Consulting asks what industry figures see as the priorities going forward…
    Read More
  • EBRD funds new transport master planning standards for Romania
    August 5, 2014
    In July 2014, the European Bank for Reconstruction and Development (EBRD) awarded funds of around US$1.8 million for the development of sustainable mobility master plans in Romania. The EBRD is the largest institutional investor in Romania. To date, the Bank has invested US$8.9 billion across 364 projects in diverse sectors including industry, commerce, agribusiness, infrastructure, energy and finance.
    Read More
  • Integrated public transport systems ‘make travel easier and more affordable’
    April 9, 2015
    Streamlining schedules, stops, fares, and passenger information among subways, buses and commuter rail, will make it easier for passengers, cut down on operational costs and boost operational revenue, according to a new World Bank paper published today, Public Transport Service Optimisation and System Integration. The paper, which is part of the China Transport Notes Series produced by the World Bank in Beijing to share experiences about the transformation of the Chinese transport sector, claims lack of
    Read More
  • UK regions to be offered legal powers to transform transport
    November 13, 2015
    UK government plans to give the regions new powers to transform transport in their areas took a major step forward this week with the publication of proposals in Parliament. As part of the government’s drive to deliver economic growth across the country, including the creation of a Northern Powerhouse and Midlands Engine, organisations like Transport for the North (TfN) are now closer to becoming statutory bodies. The legal powers and duties being offered as part of this commitment to devolution will
    Read More

Highlighted Content