The Site
The Development is to be located on a site to the southeast of the existing PLZ regional airport.
This location has previously been reserved as a site for the future development of the airport.
The masterplan is anchored by a new 3,300 m runway, with a 1,300 m separation from the existing narrowbody 2,000 m operation.
This enables the creation of an internal industrial/logistics zone and a passenger terminal between the two runways.
The site, which is uninhabited/unused, has no significant gradients affecting runway construction.
It is further in close proximity to the developed beachfront, the undeveloped coastal areas, and Nelson Mandela University.
The 2Africa intercontinental undersea cable is in close proximity to the development with the existing infrastructure (roads, sewerage, water, electricity).
Development Area
Development Model
The Development utilizes an SPV with the goal of a non-bureaucratic process and a cost-effective fast-track process.
The resulting implementation strategy seeks to facilitate private sector involvement with its associated project finance structure.
This would capitalize on the incremental land values, which would be achieved as part of the development process.
The model would also utilize the funding generated by the financially-driven ventures as a means to offset the strategically motivated investment.
The project, therefore, involves national and international equity participation and loan financing while attracting development funds.
This would be facilitated by the SPV, which enables the project participants to assume different levels of participation and risk.
The Development enables its participants to achieve their individual interests while meeting the overall strategic goal.
PLZ Master Development