The unfinished elevated freeways have been a notable part of Cape Town’s central business district since the 1970s, when the first phase of a ring-road concept was completed. The Foreshore Precinct, where these are located, includes six hectares of premium undeveloped land close to Cape Town’s most popular destinations – its historic docklands, waterfront development and convention centre.
FORESHORE FREEWAY PRECINCT PROSPECTUS
The City’s unfinished freeways that straddle the Foreshore Freeway Precinct have been the subject of much debate and discussion. For many years consideration was given to decide on the best way to deal with them, in order to unlock the economic potential of a significant segment of the City. This had to be done in a way that would potentially enhance and complete the urban design of Cape Town’s bustling Central Business District (CBD).
To this end, the City of Cape Town and, in particular TCT, invites potential local and international developers, investors and property consortia to propose viable solutions for the development of the Cape Town Foreshore Freeway Precinct with one of the primary issues to address existing and latent congestion and related accessibility issues. A Prospectus has been developed for prospective bidders as part of the Proposal Call process. This will effectively harness world leading design and development, thereby enabling the full potential of this immensely valuable asset to be unlocked for the benefit of all citizens of Cape Town.