benefits
30 October 2006
Multi-billion rand investment in a world-class multi-purpose stadium,
improved transport systems, other infrastructure and extensive preparations for
the 2010 World Cup are contained in the joint business plan of the Western Cape
Provincial Government and the City of Cape Town.
The business plan is to be submitted to the National Treasury on deadline
tomorrow, Tuesday, 31 October 2006. It will form the basis for negotiating what
portion of the R8,4 billion allocated for 2010 stadium construction nationally
will be given to Cape Town. The plan was approved today at a joint meeting of
Premier Ebrahim Rasool, Executive Mayor, Helen Zille, the provincial Cabinet
and Mayoral Committee.
The cost of the 68 000-seater stadium in Green Point has been calculated at
R2,49 billion (excluding VAT). The City of Cape Town has committed R400 million
and the province R100 million to 2010 costs, leaving a balance of R2 billion
which is requested from National Treasury.
Premier Ebrahim Rasool said: "This business plan is a blueprint of
commitment and hope for the people of Cape Town and the Western Cape. It will
require determination and hard work to ensure success, but the rewards will be
a once-in-a-lifetime experience, and opportunities to give our surroundings and
infrastructure a major boost."
Executive Mayor Helen Zille said: "The joint effort by the province and the
city makes it clear to Federation International Football Association (FIFA),
the Organising Committee and the world that Cape Town is excited and committed
to host spectacular 2010 events. This can only improve our attractiveness as a
destination for investors and visitors, while improving the infrastructure and
facilities for all who live here."
The stadium will be situated close to a residential area. Specific
objections by residents during the Environmental Impact Assessment (EIA)
related to noise levels, visual impact, financial sustainability and parking.
Measures to manage these concerns, geological and additional site specific
costs are estimated to cost some R609 million. Measures to address EIA concerns
may be made legal obligations when a Record of Decision for one of the two
possible sites is announced by the provincial government.
According to the business plan, the 2010 FIFA World Cup marketing
opportunities are tremendous with an estimated international visitor arrival of
500 000 people and a cumulative television audience of 25 to 28 billion. The
event will also leave a legacy of benefits which includes new facilities,
upgraded infrastructure, commercial and social development benefits as well as
skills.
Enquiries:
Province: Shado Twala
Tel: (021) 483 5642
Fax: (021) 483 5636
Cell: 083 640 6771
E-mail: stwala@pgwc.gov.za
City: Pieter Cronje
Cell: 082 465 4965
Issued by: Western Cape Provincial Government
30 October 2006
