E THEKW I NI • IN N E R-CIT Y RE N E WA L
Point Waterfront to regenerate the inner city
FLAGSHIP PROJECTS at the Point Waterfront Development The Point Waterfront project is a public-private sector investment and forms part of eThekwini Municipality’s initiative to redevelop and regenerate the inner city. It includes the extension of the existing promenade by about 750 m and the upgrading of water mains.
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his infrastructure investment, carried out by the City, is a catalyst to the R30 billion Point Waterfront Development to be undertaken over the next 10 years. The development comprises a hotel, retail mall, offices, as well as a residential apartment and leisure facilities. This will create a total of 17 500 jobs during construction and 11 000 jobs once completed and operational. To date, 320 jobs have been created. The project will inject about R110 million into the City’s revenue annually. The R380 million Point Promenade was launched in 2019 and is a key asset to the tourism sector. It extends Durban’s promenade from the north at the uMgeni River to the south at North Pier at the
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harbour mouth. With the extension, it has earned the title of being the longest waterfront promenade in Africa. The extended promenade includes public amenities such as toilets, changerooms, the Point Watersports Club, the Seine Netters facility, and a leasable area underneath the promenade. Approximately 1 500 jobs were created from 2016 to 2019. The Point Waterfront Development is expected to be a major catalyst for the Durban Point and central business district areas as a key economic hub of eThekwini. The Point Waterfront Development will raise the profile of the area to one of the most sought-after investment nodes for residential, entertainment, and retail.
Point Promenade • Public realm completed in 2019 • City investment: R380 million • Jobs created during construction: 1 000 • Jobs created after construction (direct and indirect): 500 Point Water Mains • Bulk water supply • Construction in progress. To be completed December 2021 • City investment: R230 million • Jobs created: 120 Point Waterfront Private Development • Hotel, residential and retail • Commencement targeted for October 2021 • Private investment: R15 billion • City investment: R600 million • Annual City revenue: R110 million • Jobs created during construction: 17 500 • Jobs created after construction (direct and indirect): 11 000
