National Treasury Engagement DFI Day Showcasing: Bellville TOD - - PowerPoint PPT Presentation

SLIDE 1

National Treasury Engagement “DFI Day”

Showcasing: Bellville TOD Priority Project

7th March 2018

SLIDE 2

Metropolitan Context

SLIDE 3

Context: City of Cape Town

• 2nd largest City in RSA
• One of the country’s 8 Metros
• Home to over 4 mill+ people
• Service delivery to 1,3 mill h’holds
• Key focus: promote development
• f solid infrastructure-led economic

growth through creating a solid platform of urban infrastructure and supporting services

• Currently experiencing major

drought (Nationally declared disaster): being addressed through multiple supply & consumption driven channels Governance capabilities demonstrated in recent rating assessment from Moody’s and Rating Africa Unqualified audit with findings. Areas highlighted by the AG fall within category of legislative compliance

• Consequence Management
• Revenue Management
• Procurement and Contract

Management

SLIDE 4

LT Municipal Investment Needs (Capital finance)

CGD CRR EFF REVENUE Budget 2,236,871,773 1,353,141,875 4,230,282,607 31,365,661 YTD Planned Spend 645,395,727 503,521,538 1,122,847,828 8,917,760 YTD Actual Spend 662,165,424 479,456,514 1,174,244,753 8,683,419 10 310 610 910 1,210 1,510 1,810 2,110 2,410 2,710 3,010 3,310 3,610 3,910 4,210 4,510 Millions

Finance Monitoring Report - January 2018

GAMAP 2017/18 Current Budget YTD Planned Spend YTD Actual Spend CGD 2,236,871,773 645,395,727 662,165,424 102.60% CRR 1,353,141,875 503,521,538 479,456,514 95.22% EFF 4,230,282,607 1,122,847,828 1,174,244,753 104.58% REVENUE 31,365,661 8,917,760 8,683,419 97.37% 7,851,661,916 2,280,682,853 2,324,550,110 101.92%

SLIDE 5

LT Municipal Investment Needs (Total outstanding debt)

CITY of CAPE TOWN Appendix A: Schedule of External Loans as at 30 June 2017 Effective interest rate (nacs) Loan number Redeemable date Balance as at 30 June 2016 Received during the year Capitalised during the year Net interest accrual during the year Concessionary loan adjustments Redeemed/ Written off during year Balance as at 30 June 2017 % R'000 R'000 R'000 R'000 R'000 R'000 R'000

LOCAL REGISTERED STOCK ABSA Investor Services

16,500 830004515 2010

• Municipal Bond CCT01

12.601% 830014004 2023 1 002 748

• 1 002 748

Municipal Bond CCT02

11.625% 830016003 2024 1 207 236

• 1 207 236

Municipal Bond CCT03

11.169% 830017007 2025 2 065 505

• 2 065 505

Total local registered stock

4 275 489

• 4 275 489

CONCESSIONARY LOANS Nedcor Bank

1,000% 830000920 2019 29

• 6
• 35

DBSA

5.00% 830012028 2020 14 633

• 548

( 4 000) 11 181

Agence Francaise De Developpement (AFD)

5.763% 830018500 2028 422 438

• ( 676)

9 137 ( 40 000) 390 900

Agence Francaise De Developpement (AFD)

5.763% 830018516 2028 421 733

• ( 672)

9 229 ( 40 000) 390 291

Agence Francaise De Developpement (AFD)

5.763% 830018530 2028 422 454

• ( 675)

9 175 ( 40 000) 390 954

Agence Francaise De Developpement (AFD)

5.763% 830018523 2028 412 262

• ( 662)

8 796 ( 38 961) 381 435

Total Concessionary loans

1 693 550

• ( 2 684)

36 891 (162961) 1 564 795

OTHER LOANS FirstRand Bank

12,631 830003504 2017 135 005

• ( 135 005)
• ABSA Bank

10,900 830007011 2018 40 000

• ( 20 000)

20 000

DBSA

10,590 83001050 2018 67 832

• ( 33 916)

33 916

FirstRand Bank

12,046 830009531 2018 84 299

• ( 9 364)
• ( 20 000)

54 935

DBSA

9,420 830012035 2020 37 333

• ( 9 333)

28 000

DBSA

9,639 830013000 2022 86 667

• ( 13 333)

73 334

DBSA

10,565 830013507 2022 86 667

• ( 13 333)

73 334

Total other loans

537 803

• ( 9 364)
• ( 244 920)

283 519

TOTAL EXTERNAL LOANS

6 506 842

• ( 12 048)

36 891 ( 407 879) 6 123 803

SLIDE 6

CONCENTRATED INVESTMENT IN THE URBAN CORE TOD PRIORITY PROJECTS

• Foreshore
• Bellville
• Athlone Power Station
• Philippi East
• Paardevlei

OTHER KEY INTEGRATED HUMAN SETTLEMENT AND DEVELOPMENT PROJECTS Voortrekker Road Metro South East Blue Downs INTEGRATION ZONES PROVINCIAL LED PRIORITY PROJECTS DENEL/AIRPORT SITE

Spatial Targeting in Cape Town

SLIDE 7

Primary Objectives For Redevelopment of TOD Priority Projects

UCI Package and manage Public transport Infra- structure Investment Partner

SLIDE 8

1 3 2

Public Transport Interchange

1 3 2

Bellville Rail Station / New Market Square Bus / Taxi Station Upgrade Paint City site

4 4

IRT Feeder

What is underway…

• Bellville Transit Hub /

PTI @ Paint City

• Tygerberg Hospital
• Bellville Linear Park
• Kruskal Avenue

Upgrade

• Hardekraaltjie

Redevelopment

• Planning of Blue

Downs rail link

Why Bellville?

• “Second” metropolitan node
• Public Transport nexus (north south / east west)
• Synergy with Tygervalley to north
• Concentration of University campus &

residence

• Residential intensification opportunities
• Existing Strategic partnerships: GTP, VRCID,

MURP

SLIDE 9

Bellville Transit Hub Precinct Plan - Draft (April 2016) TOD Opportunities Investigation

Prospective Development yield

• ±4 000 new population
• 1 946 residential units
• 172du/Ha gross
• 31 065m² office GLA
• 10 375² retail GLA
• 2 040 parking bays

SLIDE 10

Key Objectives

Provide mixed-use commercial development:

• Attract / incentivise development of employment space,

capitalising on existing research activities.

• Encourage spaces that can offer creative, media, bio-

medical research and development industries that build

• n the presence of US, UWC, CPUT, UNISA, Northlink.

Reinforce linkages and connection with the CBD:

• Enhance connections to Bellville’s immediate catchment

area.

• Improve public realm to provide clearer, safer and better

utilised connections to and from the CBD.

• Improve community safety by enhancing reach and

effectiveness of VRCID.

Creation of new housing and opportunities:

• Enhance

capacity

• f

local infrastructure to support delivery of new and diverse housing opportunities (incl. student housing).

• Range of tenures, house sizes and affordability.

Maximise connectivity:

• Prioritise pedestrian and cycling connections.
• Integrated, safe, reliable, cost effective public transport

network that supports people’s lives.

• Respond

to locational attributes and increases in population with transport infrastructure improvements.

• Provide road access/circulation on key development sites
• Adopt parking strategy that relies less on private transport.

Create high quality public realm & open space:

• Ensure provision of public open space,
• Bellville Square to be heart of new mixed-use area.
• Prohibit artificial barriers by providing a network of routes

that improve permeability and connectivity.

Increase employment opportunities:

• Increase capacity for new jobs to be provided and

improve access to training and apprenticeships.

• Expand broadband infrastructure connectivity.

Provide new, and enhance existing, civic facilities:

• Build on health, education, emergency, safety, and social

services to support increased population & benefit local people.

Provide innovative sustainable energy solutions:

• Explore potential for district energy masterplan
• Explore
• pportunities

for shared and co-ordinated approaches to waste and freight.

SLIDE 11

Access & Movement Development response Public Environment

Broader Bellville Concept Plan 2018

SLIDE 12

Bellville Central Area: Landowners

City of Cape Town PRASA Transnet PGWC Stellenbosch University Private Sector

SLIDE 13

Bellville Transit Hub Precinct Plan - Draft (April 2016) TOD Opportunities Investigation

Key catalytic projects

• Rationalization and upgrades to the PTI into a

mixed use transit hub (real estate space above rail station & PTI)

• Development of vacant land (Paint City site)
• Place making Upgrades (Elizabeth Park, Durban

Road NMT, Kruskal Avenue public space)

• Church Street extension to Robert Sobukwe Dr.
• Feasibility, design and initiation of a high quality

MyCiti feeder service from Bellville Transit Hub

Development Concept (GAPP)

• Phased development of 3 modular sites
• Conservative, and

design/programming to be rethought, but the method is sound

• Good idea of the minimum

expectation from the market

• PRASA able to participate if willing with

City components unaffected

1 2 3

SLIDE 14

Elizabeth Park Upgrade (R12m) Bellville PTI Upgrade (R4m) Kruskal Road Upgrade (R17m) Hardekraaltie Sports & Rec Complex Redevelopment Jack Muller Park Upgrade Durban Rd/Robert Sobukwe Road realignment Church Street extension TOD development

• f

Bellville Station Precinct Elsieskraal Linear Park Upgrade Carl Cronjie half diamond and N1 Freeway Upgrade

Short-term projects (1-3yrs) Medium-term projects (3- 5yrs) Long-term projects (>5yrs) VRC IZ Boundary BITLUP Boundary Bellville CAP Boundary

Planned Interventions: Bellville Central Area

SLIDE 15

Way Forward: Transport led action plan

• 1. Clarity on the desired outcome Plan A to include PRASA land

with a 3-month cut off period for go/no go by end May.

• 2. Review of all transportation issues and input from all stake

holders to confirm the base transport position including surrounding road network (short, medium and long term), PTI, MyCiti etc.

• 3. Plan A to be designed to convert to Plan B in the event of

PRASA not being involved for later inclusion of PRASA land.

• 4. Project team to be assembled to provide clear programme for

the period Jan 18 – May 18 to provide budget input.

• 5. Provide clear programme for initial capital works to begin in

2018/19 financial year.

SLIDE 16

Challenges re DFI’s

• SCM protocols require

transparent tendering for projects/finance.

• DFI’s must review the

City’s budgets, which align to the IDP, in terms

• f bespoke project

finance opportunities.

• Bias towards local

financiers.

• What roles do you see for

private financiers (e.g. commercial banks)? – Development Finance – End User Finance – Market Housing – End User Finance – Affordable Housing

• What complementary roles

do you think DFIs could play? – Facilitating End User Finance – Market Housing – Facilitating End User Finance – Affordable Housing

Potential roles for DFIs

SLIDE 17

Thank You