The city of Cape Town and the Western Cape provincial government have announced a $663 million urban regeneration project which will include the expansion of the Cape Town International Convention Centre. The project is due to commence soon and is expected to be completed by the end of 2014.
Designed to boost Cape Town's reputation as a globally competitive business destination, the city aims to create economic and cultural opportunities and breathe new life into the business district along the harbour. From a logistical point of view, amenities like the convention centre and the Artscape Theatre Complex will be better connected to the Integrated Rapid Transit (IRT) public transport network.
The extension of the Convention Centre eastwards will include 10,000 sqm of retail space, a new Netcare Christiaan Barnard Memorial hospital, an office tower and numerous underground parking lots, as well as the regeneration of Founders Garden in the Province and the connecting of the Artscape precinct with the upgraded CTICC.
The city council's head of economic development and tourism, Felicity Purchase said "Cape Town has identified the holding of events as a key component of its economic development strategy