The Municipality is spearheading the relocation and redevelopment of the Richards Bay Airport to create a modern regional airport that will drive economic growth and attract long-term investment.

PROJECT HIGHLIGHTS

Strategic Objective

• Establishment of a regional airport city to support aviation, logistics, and commercial real estate development.

PPP Structure

• Registered as a Public-Private Partnership (PPP) with National Treasury and the Government Technical Advisory Centre (GTAC) in 2018.

Feasibility Study

• Full feasibility study successfully completed in November 2023.

Government Support

• Submission to the Budget Facility for Infrastructure (BFI).
• Project registered with Infrastructure South Africa (ISA).

Project Components

• ZAR19 million allocated for land acquisition.
• ZAR230 million earmarked for bulk infrastructure development.

Procurement Phase

• Project is currently entering the procurement phase, offering attractive investment opportunities.

Total Project Value

ZAR1.25 billion