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June 26, 2008

Proposed green law 'endangers R5bn V&A plan'

Lawyers for the consortium that bought Cape Town's V&A Waterfront from Transnet for R7,1bn have warned that an environmental bill passed in its present form could jeopardise a R5bn plan to develop what has been called "Africa's Riviera".

Transnet added its voice yesterday to objections to the Integrated Coastal Management Bill in its present form, designating all coastal land and ports as "coastal public property".

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Posted by StaffWriter at June 26, 2008 1:08 PM