Time To Invest - A Bright Future for Outer West Industry
Category Upper Highway General
Following the president's announcement to uplift the country's economy through the support of large infrastructure and development, we are optimistic about the future of the industrial and logistics property market.
After more than 2 million people losing their jobs in the wake of COVID-19, there is mounting pressure to follow through on job creation through nationwide industrial expansion.
Encouragingly, the government plan to unlock more than R1 trillion in infrastructure over the next 4 years and to reverse the decline of the local manufacturing sector and promote reindustrialisation through deeper levels of localisation and exports.
With Ramaphosa emphasising the need to remove any constraints that have slowed infrastructure delivery in the past, to fast track regulatory processes and to focus on critical network infrastructure such as ports and roads, it is likely that projects already in the planning stages, such as the Cato Ridge Intermodal Hub, will realise completion much sooner than anticipated.
We will be keeping an eye on the following projects and updating you on their course of development, since they will favourably impact investment in industrial and logistics property in the Outer West:
- The widening of the N3
- The realignment of the N3 through Cliffdale
- Cato Ridge Interchange & Hammarsdale Interchange
- The Cato Ridge Dry Port/Intermodal Hub
Author: Robert McInerney and Janet Wilson
