Modderfontein City project in South Africa kicks off
The first phase of the $7.25bn Modderfontein City construction project located in North-Eastern Johannesburg has finally begun. According to the property developers Shangai Zendai, several electrical substations have already been erected, and the first phase of the road extension is progressing.
The design phase for the residential development is also being worked on and would be launched to the public in the first half of 2015.
Upon full completion, the Modderfontein development project is expected to accommodate 100,000 residents and different businesses which will provide 200,000 jobs.
The development is located 7 km from Sandton, and has a floor area of 12 million m2. It is also 20 km from the original city centre of Johannesburg. It is also near OR Tambo International Airport and Gautrain Station, with links to financial hubs.
According to the chairperson and founder of Shanghai Zendai Zikhang Dai, in the next three years, the company will use $0.26m to create a great city.