{"id":126355,"date":"2016-06-09T19:23:07","date_gmt":"2016-06-09T17:23:07","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=126355"},"modified":"2016-06-09T17:31:06","modified_gmt":"2016-06-09T15:31:06","slug":"a-look-at-the-new-r140-billion-city-planned-for-cape-town","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/126355\/a-look-at-the-new-r140-billion-city-planned-for-cape-town\/","title":{"rendered":"A look at the new R140 billion city planned for Cape Town"},"content":{"rendered":"

Plans are in place for a new city on the outskirts of Cape Town to start development in the next three years.<\/p>\n

The city, called Wescape, will be located 25kms from Cape Town’s city centre, and aims to be a major economic development project that will create 300,000 jobs in the province.<\/p>\n

When completed, the new city will be home to 800,000 people in the Western Cape, with 200,000 homes, 400 schools, a university, and 90 community facilities.<\/p>\n

The development was first proposed in 2012, and recieved approval from the Western Cape government in 2013.<\/p>\n

\"Wescape<\/a><\/p>\n

\"Wescape<\/a><\/p>\n

According to the project runners, no set budget has been pinned down for the development, but reports in 2014 put the price at R140 billion.<\/p>\n

The entire project will be privately funded, but developers, CommuniTgrow, are currently in the process of preparing an environmental impact assessment and securing finance.<\/p>\n

According to the group, construction on the project could start as soon as 2017, though more realistically in 2019 or 2020.<\/p>\n

Below you will find the concept video for the development, as well as some of the concept images of what it could look like.<\/p>\n