Friday, April 20, 2007

Greenpoint stadium is City's biggest capital project

By Tarryn Le Chat
20 April 2007

The 2010 World Cup Soccer tournament is the single biggest event that will help trigger major infrastructure investments in Cape Town.

According to City manager, Achmat Ebrahim, said that the stadium at Green Point and supporting infrastructure for 2010 is the single biggest capital project Cape Town has ever undertaken.

Ebrahim says Cape Town has doubled in size during the past 20 years. With its 3.2 million residents occupying an area of 2 500 per square kilometre, and with 22 000 staff members and a R20 billion budget, the City of cape Town is today the second largest metropolitan authority in South Africa.

Despite a 4% annual increase in Gross Geographic Product (GGP), poverty, unemployment, drug-related crime and HIV prevalence in Cape Town have increased, whilst public transport has deteriorated.

The IDP and draft budget are now the subject of public participation. Once approved at the end of May, these will take effect on 1 July 2007.

The City of Cape Town is striving to achieve a GGP of between 6% and 8%.

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