If you happen to frequent the King Shaka Airport over the next 15 years, the view of the landscape will change over time, from the low-lying land that was there in 2012, to what will be a R25.8 billion settlement.

Yup.

Between the airport and Umhlanga, the Cornubia development is a result of an active partnership between Tongaat Hulett (R14.3 billion), the government (R10.4 billion), and the South African Sugar Association (R1.1 billion).

While the development is only set to be completed in 2030, property has already gone up for sale.

When completed, the area will encompass mixed-use development of around 1 200 hectares of land, 80 of which is set for industrial development.

Think commercial, housing, and other social and public facilities that include schools, clinics, police stations, post offices, and multi-purpose halls.

Probably a massive His People worship centre, too.

Business Tech has a little more information:

Upon completion, the development will have 24,000 housing units, of which 15,000 will be low cost homes. The construction phase will create up to 250,000 new jobs, while the completed development will create space for about 48,000 permanent retail and industrial jobs.

An estimated 285,000 new employment opportunities will be created in the long term by the commercial activities associated with Cornubia.

According to the developers, the residents of Cornubia will ultimately contribute about R300-million in rates to the eThekwini coffers and a further R2.1-billion in VAT receipts for the national fiscus.

And… here are the pics:

See more pics HERE.

Pity it’s not anything like Cape Town’s 😉

[source:businesstech]