Durban is well-known for its beaches, but new developments are set to make these prime draw-cards for travellers and locals alike.

On Tuesday, 27 March 2018, eThekwini Mayor, Zandile Gumede, broke ground for construction on extending Durban's Beachfront promenade, which will support the R35-billion Point Waterfront development project by unlocking the first phase.

The extension is set to be complete in June 2019, and will be followed by the construction of a hotel, shopping centre, offices and residential homes as part of phase one of Point Waterfront.

The whole project, a public-private partnership, will be completed in three phases over five to 10 years and will create 11 000 jobs in the construction phase and 6 750 permanent jobs once it's completed.

According to Gumede, this will help boost the image of Durban as a global city and grow the tourism sector, as well as increase the value of property in the area between 5% and 10%.

¡§It is encouraging to note the growing interest from the business sector to work with the Government in major strategic investments,¡¨ says Gumede.

¡§The Point Waterfront development must be seen in the context of a city-wide development process, indicating that Durban is on the brink of change."

The city will also be raking in R200 million in revenue rates per year after completion, and national public revenues could amount to R1,7 billion that will contribute to the gross domestic product.

¡V Source: www.news24.co.za