Hong Kong- listed property development Group Shanghai Zendai is to construct a US$7.66 billion new Modderfontein City in South Africa beginning in 2015. The project includes construction of a university, schools and a contemporary African gallery. Development of infrastructure, among them a Gautrain station planned for the next four to five years, is part of construction works awarded about US$273 million.
The new city comes about as a result of the need for access to information technology (IT) and integrated public transport systems. The CEO of Zendai Development South Africa, Anthony Diepenbroek, noted that this would be ‘the South African city of the future’.
Diepenbroek also said that access to IT and cost effective public transport would see Modderfontein develop into an urban centre, which is seen as a sustainable ‘smart city’ with cost-effective IT systems and an integrated public transport infrastructure.
“Our vision that the new city will become a unique landmark that will transform Modderfontein into an international cosmopolitan asset with a cultural and art element,” said Dai Zhikang, the founder of Shanghai Zendai Investments.
The new city comes about as a result of the need for access to information technology (IT) and integrated public transport systems. The CEO of Zendai Development South Africa, Anthony Diepenbroek, noted that this would be ‘the South African city of the future’.
Diepenbroek also said that access to IT and cost effective public transport would see Modderfontein develop into an urban centre, which is seen as a sustainable ‘smart city’ with cost-effective IT systems and an integrated public transport infrastructure.
“Our vision that the new city will become a unique landmark that will transform Modderfontein into an international cosmopolitan asset with a cultural and art element,” said Dai Zhikang, the founder of Shanghai Zendai Investments.
