MBABANE – The feasibility study to construct the E52 billion Swazi City will begin next week.
Mfunwa Lukhele the Managing Director for Swazi based Pearl of the South has announced that the directors and shareholders of Sellbridge International, a UK organisation run by African born philanthropist TM Hart-Jones and Pearl of the South (Shaking the Tree Foundation) will be in the country next week.
“We will start the feasibility study next week and also have meetings to show all stakeholders and government proof of funding,” said Lukhele yesterday. It should be mentioned that great news for Swaziland is in the wind as plans are well underway to invest E52 billion towards construction of the Swazi City. The multibillion projects, where over 3000 jobs could be created soon after Environmental Impact Assessment EIA approval, will be constructed courtesy of an international joint venture group.
Pearl of the South Managing Director Tim Smith said the three major projects would include the creation of a Trade Free Zone with a five start hotel and casino, a world class concert arena (with plans to bring in top booking artists and world class entertainers in all areas of music), a bonded warehouse, an international mineral bank, a sovereign finance and banking district including offshore banking and possibly a stock exchange as well as a manufacturing zone, to bring in foreign entrepreneurs to manufacture their goods in Swaziland.
The funding will also include plans to assist Swaziland to develop a new Green Smart Town / City in the region, with all services and transport infrastructure.
The project will also extend to include a totally funded 400MWe power station powered by Swaziland Anthracite in two ways, near the Mpaka area with the budget to open a fully functional coal mining operation.
Smith disclosed that they recently had meetings with Swazi royalty to advance the planned Sikhuphe Airport infrastructure development project. Smith said Sellbridge and Pearl of South had aligned themselves accordingly with Dene Tribes and Sovereign Bank of Dene for the Swaziland mega projects, representing Global Indigenous communities on the expansion of self-sustainability and Green infrastructure as well as a bio-friendly formatted zero-waste smart City development at a macro-economic level.
Times Of Swaziland