Negotiations between the Walvis Bay municipality and the Ministry of Trade and Industry, for the purchase of 400 hectares of land in the harbour town through the Namibia Development Corporation (NDC), are in its final stages.
The NDC aims to buy the land in order to develop a pioneering industrial estate.
In an interview with Nampa yesterday, NDC Chief Executive Officer Koos Standford said the estate would bring about development in various sectors, including steel, construction, pharmaceuticals, salt, power, mineral beneficiation, biomass and agro-processing.
It also envisages a residential development which would provide accommodation for employees, a business park for traders and recreation for tourism.
The site is strategically located close to the Walvis Bay airport, and a few metres from the railway line.
Standford said preliminary development costs for the entire estate amount to about N$22 billion.
He said as soon as the land is secured, the design for infrastructure and service reticulation will start immediately, with construction possibly starting in 2015.
“A development of this magnitude shall be spearheaded by the government, in smart partnership with private sector through the principle of global value chains, linkages and the Industry’s Growth-at-Home strategy,” he said.
Standford said the industrial estate has the potential to facilitate thousands of jobs and businesses, and significant investments with reference to capital, appropriate technologies and human resources.
It would also generate income for local and central government through rates and taxes payable by operators and employees engaged in the estate.
He added that the government was exploring smart partnership investments with countries such as Germany, South Africa, China, India, Korea and Indonesia for the development of the industrial park.
Standford is one of the members of the Namibian business delegation led by Minister of Trade and Industry Calle Schlettwein, who are currently attending a three-day Partnership Summit in Bangalore, India.
The NDC aims to buy the land in order to develop a pioneering industrial estate.
In an interview with Nampa yesterday, NDC Chief Executive Officer Koos Standford said the estate would bring about development in various sectors, including steel, construction, pharmaceuticals, salt, power, mineral beneficiation, biomass and agro-processing.
It also envisages a residential development which would provide accommodation for employees, a business park for traders and recreation for tourism.
The site is strategically located close to the Walvis Bay airport, and a few metres from the railway line.
Standford said preliminary development costs for the entire estate amount to about N$22 billion.
He said as soon as the land is secured, the design for infrastructure and service reticulation will start immediately, with construction possibly starting in 2015.
“A development of this magnitude shall be spearheaded by the government, in smart partnership with private sector through the principle of global value chains, linkages and the Industry’s Growth-at-Home strategy,” he said.
Standford said the industrial estate has the potential to facilitate thousands of jobs and businesses, and significant investments with reference to capital, appropriate technologies and human resources.
It would also generate income for local and central government through rates and taxes payable by operators and employees engaged in the estate.
He added that the government was exploring smart partnership investments with countries such as Germany, South Africa, China, India, Korea and Indonesia for the development of the industrial park.
Standford is one of the members of the Namibian business delegation led by Minister of Trade and Industry Calle Schlettwein, who are currently attending a three-day Partnership Summit in Bangalore, India.
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