The City of Ekurhuleni has revealed a 30-year Aerotropolis Masterplan aimed at socio-economic growth in the metro.
Council has approved the plan which is expected to bring in R 8.1 billion to Ekurhuleni per year.
The City says that this 30 year "masterplan" will identify projects in sectors such as retail, aerospace, manufacturing, logistics and distribution, health and life sciences, to enable economic turnaround in the area.
Ekurhuleni is facing the challenge of addressing a 28% unemployment rate.
Stephen Grootes spoke to Ekurhuleni MMC for Finance and Economic Development, Doctor Xhakaza, about the project.
At the centre is the development of the transport infrastructure overtime has always shaped commercial development.— Doctor Xhakaza, MMC for Finance and Economic Development
Us as an airport city, we have to appreciate that we are a home to a major airport in South Africa and Africa, hence issues around connectivity and business are critical.— Doctor Xhakaza, MMC for Finance and Economic Development
We think it will go a long way in making sure that we turn around the economic fortunes of the city. The decision to approve by council will make it easy to attract investment.— Doctor Xhakaza, MMC for Finance and Economic Development
To hear more about the project, listen here...