FOCUS
Promethean Waterfront A tourism node for Barkly West.
Project location
Project description
The project is located on the banks of the Vaal River in the town of Barkly West in the Dikgatlong Local Municipality.
An entertainment resort that compromises: waterpark; arcade games and fun rides; food court; wave pool; chalets; upmarket selfcatering riverside accommodation; people’s park (outdoor events with permanent stage); picnic/braai area; lifestyle centre; retail and commercial outlets; regional mall; middleincome housing; government subsidised housing; residential estate; apartments; hotel and conference centre; casino (depending on legislation) and office park.
Project background Barkly West has been earmarked for a multifaceted development project with the potential to bolster the local economy. Promethean Property, a local investment company, in conjunction with SIZA Architects & Project Managers, has teamed up as the developers of the project. Dikgatlong Municipality will be engaged through the multi-year lease for the land.
To discuss this opportunity, contact Thabo Makweya, Director, Promethean Property Tel: +27 53 831 2336 Mobile: +27 81 337 8492 Email: makweyat@me.com
Targeted sectors Tourism and heritage.
Richard Poulton, Project Director Tel: +27 53 831 2336 Mobile: +27 81 446 5297 Email: richard@prometheangroup.co.za
Key facts Investment value: Overall R2.5-billion, including bulk infrastructure. Phase 1 (Waterpark and chalets): R800-million Job creation: 6 743 jobs
Finance The project is being developed in terms of the Public-Private-Partnership Project Cycle in terms of the Treasury Regulation 16 of the Public Finance Management Act, Act 1 of 1999.
Project status The project is at the start of the feasibility and business case phase. A detailed feasibility study will cost about R12-million.
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NORTHERN CAPE BUSINESS 2019/20
