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Tomorrow, the City of Johannesburg's Executive Mayor, Cllr Herman Mashaba, will be joined by the MMC for Economic Development, Cllr Leah Knott, and the MMC for Development Planning, Cllr Reuben Masango, at sod-turning ceremonies of the first four of 84 properties earmarked for redevelopment.
These ground-breaking ceremonies follow a rigorous tender process to secure successful bids which will advance the City's aims of not only revitalising the inner-city but also bringing quality affordable housing to our residents and students.
These properties represent part of a R22 billion investment in the inner-city which is expected to generate 11 000 direct construction sector jobs, at a time when the economy is struggling to generate employment for our residents.
The inner-city revitalisation project is expected to yield approximately 6500 units of affordable quality housing with rentals beginning from R900 per month.
With the first of these properties, the City looks forward to launching more developments for our residents and realising Mayor Mashaba's vision of turning the inner-city into a construction site.
Details of the event:
Date: Wednesday, 21 August 2019
Transport meeting point: Metro Centre – Ground Floor, New Council Chambers, 158 Civic Boulevard, Braamfontein
Time: 08:30 am
Media Enquiries:
Andile Ndlovu
Media Specialist: Office of the Executive Mayor
Call: 081 417 1871
Email: andilend@joburg.org.za