An artist’s impression, previously shared with the media, of the planned promenade extension and development of the Point Waterfront.
Work on the Durban Point Waterfront Development could begin at the end of this year, pending the finalisation of funding talks.
The eThekwini Municipality revealed this as it detailed the state of one of the highly anticipated projects in the city. The project, valued at close to R35 billion, could transform the Point area, but progress had seemingly stalled for the past few years.
The Durban Point Waterfront Development is undertaken by the Durban Point Development Company (DPDC), which is a partnership between the Malaysian company, UEM Sunrise, and the eThekwini Municipality. Previous reports stated that the development, located on the South Point of the Durban Beachfront, is set to include a number of mixed-use development projects, including upmarket residential and commercial developments, a retail mall, a hotel, and leisure facilities.
The Mercury understands that local partners of the project are unlikely to be involved in the second phase of the project amid concerns about delays. They had taken part in the first phase, which included the acquisition of land and the laying down of some infrastructure.
