The eThekwini executive committee is set to break ground on the Durban Point Waterfront project, which will see the city’s coastal skyline changed by skyscrapers and high-rise developments.
According to a report by Iol, infrastructure roll-out for the development is set to start in June 2016, where development will continue in preparation for the 2022 Commonwealth Games.
A total of 750,000 square metres will be developed, including high rise skyscrapers in excess of 55 storeys.
Other infrastructure upgrades include the extension of the promenade and all surroundings roads, public transport networks and water and electricity channels.
The development is being headed by the Durban Point Development Company, co-owned by eThekwini municipality and Malaysian property group, UEM Sunrise.
UEM Sunrise modelled the development partly on schemes in Miami, Cannes, Copa Cabana and Surfers Paradise in Australia.
As much as R2 billion has already been invested in the development project, with some reports stating that the final total investment will be over R6 billion.