Redesign of Grayston Drive to unlock investments worth R3bn

• Published date: 26 May 2022
• Publication title: South African Official News

A public-private partnership between the Gauteng Department of Roads and Transport and Sandton Central Management District (SCMD) to redesign the Grayston Drive/M1 interchange has the potential to unlock major investments worth over R3 billion.

"Improved traffic flow on this major feeder road, which carries traffic from the N1 into the Sandton Precinct, has the potential to unlock investments worth billions through significant projects such as residential/mixed-use development in and around the Sandton area,' Gauteng MEC for Roads and Transport, Jacob Mamabolo, said on Thursday.

Speaking during a meeting between the department and SCMD - which oversees South Africa's commercial centre located in the heart of Sandton - the MEC said government has committed to formalising and kick-starting plans to redesign the interchange in this financial year.

"Transport infrastructure remains central to our economic recovery and growth efforts. It is only through investments in road infrastructure that we can better the lives of residents, stimulate economic growth and render the province an attractive destination for investment and tourism,' the MEC said.

Providing progress...