Africa Outlook - Issue 34-35

Page 123

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The super-regional retail mall will be the biggest catalytic development within this megaproject

well as large public open spaces and recreational facilities to ensure that all bases are covered. From a logistical standpoint, Rainbow Junction has also addressed a series of financial and capacity challenges over the years, facilitating infrastructural development which has, in turn, aided areas of transport, job creation and the local economy as a whole. “In recent years, the Rainbow Junction Development Company (Pty) Ltd has proactively engaged with the City of Tshwane to find innovative funding and delivery solutions to this conundrum inflicting the development sector country-wide,” a release in 2015 said. “After a protracted period of putting heads together around the table, Rainbow Junction is proud to announce the official approval of a set of initiatives, workshopped with the City at all levels, by which the Development Company will deliver all required infrastructure in support of not only this new mixed-use economic node ... but also servicing the vital Zone of Choice of the capital city.

This will be a world-class, integrated and sustainable mixed-use megaproject, developed with green consciousness and a low carbon footprint in mind. In line with this, Rainbow Junction is a strongly transitorientated development

“This Zone was identified by the City as strategic to economic growth, poverty alleviation and job creation and Rainbow Junction is defined as the

catalytic project driving this growth to the north of the City.” This unlocking of potential, growth and development in Pretoria is a proud accolade associated with Rainbow Junction, with the past seven years of exponential progress taking the project to the next level. Fulford concludes: “This will be a world-class, integrated and sustainable mixed-use megaproject, developed with green consciousness and a low carbon footprint in mind. In line with this, Rainbow Junction is a strongly transit-orientated development. “The mall is the biggest catalytic development within this megaproject, but there are others that we will announce as soon as they are finalised. For instance, exciting talks are progressing with Africa’s first sustainable hotel management group, Verde Hotels, to develop Gauteng’s greenest hotel within the ‘Green Grid’ component of Rainbow Junction. “This project will have the potential to take over the current status of their flagship hotel property adjacent to Cape Town International Airport, currently hailed as Africa’s greenest hotel.”

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