Real Estate Investor Magazine South Africa March 2015 | Page 44

transport nodes Transport Infrastructure Urban regeneration of new transport routes BY COUNCILLOR BRETT HERRON P hase two of the MyCiTi service – dubbed the Lansdowne/Wetton Corridor – will eclipse all former public transport infrastructure projects embarked upon by the City of Cape Town. Once rolled out, it will transform the lives of at least 1,4 million people living in the metro South-East and the Southern Suburbs. “More than 1,4 million people live within the metro South-East and Southern quadrant of the city.” The Lansdowne/Wetton Corridor will provide residents with a direct, efficient and scheduled public transport service. Of equal significance are the opportunities this corridor will unlock within the 35 communities along it’s route. These include improved 44 March 2015 SA Real Estate Investor accessibility to these areas, increased mobility of the local residents, reduced congestion, new developments, private investment and the subsequent urban regeneration. The two interconnecting trunk routes that will form the ‘spine’ of the Corridor will cover a distance of 53 km. The project will see the investment of R4, 1 billion over the coming years, in accordance with the allocation of national grant funding. This will be spent on the construction of the dedicated red lanes, bus stops, stations, depots, park-and-ride facilities, and non-motorised transport facilities to meet the demand of a ridership estimated to be four times that of Phase one of the MyCiTi service. “It may be easy to count the Rands, to measure the kilometres, and to record the number of residents to benefit from this massive project. What is more difficult to quantify though is the legacy that we will leave www.reimag.co.za