The Gauteng provincial government completed an asset register last year and is expecting to release its property portfolio to the value of R31-billion in July.
The portfolio consists of unused land and buildings, Gauteng Infrastructure Development MEC Jacob Mamabolo told construction professionals attending this year’s African Construction & Totally Concrete Expo, held at the Gallagher Convention Centre, in Johannesburg, earlier this month.
“We have worked with the private sector for the past two years to package the assets portfolio of the Gauteng provincial government. “We are going to rapidly release the property assets. . . which will be used for human settlement and economic development, with buildings to be leased as student accommodation and used commercially.”
Meanwhile, Mamabolo announced that his department had launched a pipeline of 340 projects, valued at R4.5-billion, for staggered delivery over the next three years on behalf of the Gauteng provincial government.
The projects will be implemented for the departments of Education; Health; Roads and Transport; Social Development; Sport, Arts, Culture and Recreation; and Agriculture and Rural Development.
City of Johannesburg executive mayor Herman Mashaba, who was a keynote speaker at the event, called on potential investors and construction contractors to come forward to partner with the city as it embarked on its ten-year programme aimed at revitalising the inner city through massive infrastructure upgrading and development.
Mashaba said the city had identified 85 neglected properties that it was planning to convert into low-cost affordable housing developments and commercial space. “We want you . . . to show us a balance sheet and demonstrate to us how you will upgrade these properties . . . how many units and how much you will charge tenants.”Upgrading Properties
He added that the city would spend R13-billion on upgrading properties that had been neglected, owing to a lack of maintenance, and on the development of new infrastructure this financial year.
“This investment in our infrastructure attests to the quality and reliability of service that people living in Johannesburg can expect when living in an African city. Our budget attempts to optimise revenue to ensure optimised services to our residents.”
Mashaba said almost five-million people lived in Johannesburg, representing 10% of the South African population and, with 3 000 people relocating to Johannesburg every month, this presented the city with a challenge to meet the migration demand.
He said the city had a housing backlog of more than 300 000.
“The City of Johannesburg finance department has had to be creative and integrative in addressing this challenge in the long term,” Mashaba concluded.