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Pretoria fund student accommodation

In a bid to fight the shortage of student accommodation among other issues in Pretoria, the city of Tshwane has put aside an estimated R6bn for the West Capital project.

Executive mayor Kgosientso Ramokgopa said the project had the potential to promote sustainable land development in a well coordinated manner to develop the land effectively, efficiently and on an integrated basis.

He described the project as one with mixed land use and residential accommodation.

Speaking at the launch of the project in Pretoria yesterday Ramokgopa said the project would also include a student village, retail and commercial components, inner city housing and health facilities.

“The West Capital development node was initially conceived as a response to the shortage of student accommodation due to the close vicinity of institutions of learning.

“These include the universities of Pretoria, South Africa and Tshwane University of Technology.

“This has led to the city releasing portions of land to the market for redevelopment proposals for the West Capital project, which is located to the west of the Tshwane CBD,” Ramokgopa said.

“The purpose of this project is to assist the municipality to identify direct and indirect development opportunities to which it can best respond.

“This project aims to provide guidelines on actions it should undertake to maximise the benefits that it can derive from development initiatives in the West Capital.”

He said phase one would start with the Schubart Park residential complex that in the light of a recent Constitutional Court decision serves to be a natural first phase which can be implemented over a relatively short period.

The project development will take five to eight years to complete.

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