Parliament is expected to deliver its verdict on the proposed project to reclaim just more than 3 ha of land from the sea at the V&A Waterfront, in the third quarter of next year, says V&A Waterfront development executive manager Allan Ngeku.
The reclamation project, which forms part of a broader R24-billion expansion programme at Cape Town’s waterfront development, is currently the simultaneous subject of an environmental-impact assessment, as well as an Integrated Coastal Management Act process.
Should Parliament give the go-ahead, followed by a nod of approval from the V&A Waterfront’s shareholders, construction on the project will start in the fourth quarter of next year, says Ngeku.
While the V&A Waterfront awaits these final approvals, the other projects in the R24-billion development pipeline are moving ahead, he notes.
This includes construction of the R230-million Quay 7 Superyacht Marina, the Cape Town Edition hotel, the Victoria Wharf luxury retail expansion, as well as a later living development.
