Gauteng is expected to get a face lift - when the new Modderfontein city
worth R84billion is completed in the next 15 years.
Modderfontein - which is currently used as a manufacturing
area outside Sandton - is set to gain a university, a business
district aswell as its own Gautrain station
This comes as Shanghai Zendai Property plans to
begin with construction at the site this year - by building 3000
Modderfontein will be the new Manhattan if Dai Zhikang, chairman of China's
Zendai Group, gets his way.
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And the city he wants to see
rise on the largest stretch of vacant land between OR Tambo International
Airport and Sandton, Johannesburg, will keep the name Modderfontein because Dai
likes the sound of it.
Zendai bought the land from industrial chemicals
company AECI last year.
The Chinese investor yesterday promised to start
construction of 3000 houses on the site within months .
will dwarf Rosebank and Sandton, Dai told politicians, community members,
businessmen and reporters at the site, where construction work on the
R84-billion project is due to start this year.
This new city will have
its own university, five schools, shops, skyscrapers and a Gautrain
Gauteng Premier Nomvula Mokonyane said the new development would
benefit adjacent communities such as Alexandra, Ivory Park and
Dai forecast that the city will have as many as 300000 people
living and working in it in 20 years - 100000 residents and 200000 employees in
the office towers the development promises.
Zendai CEO Fujie Wang said
that the goal was to create as many as 50000 jobs.
The project will
consist of nine "functional areas" in 16kmÂ² of development and there will be a
6kmÂ² wetland park.
Zendai calls it "a harmony city of
Mokonyane denied suggestions that the government gave land to
the Chinese company.
"It was a sale. AECI was the seller," she
Zendai is not investing the full R84-billion over the next two
decades. It says it is waiting for partners.
The company wants the area
declared a special economic zone, which would make it more attractive as an
"Modderfontein has been sleeping for more than
100 years," said Dai, who now plans to rouse it.