Telkom Towers part of R4.5bn Pretoria CBD revival plan

However, Minister of Public Works and Infrastructure Dean Macpherson stressed on Thursday that government will not be investing this amount in the planned project, which will be delivered through a public-private partnership (PPP).“The Department of Public Works will, as a result of the strategic steps we are taking today in the redevelopment project, be able to create more than 12 700 jobs in construction and unlock a total of 212 000m² of gross leasable area for us to use to generate income for the state.”Macpherson said that once the RFI is issued to the market, the DPWI will ask respondents to: Assess technical approaches to refurbishing and upgrading the asset to meet regulatory requirements and government accommodation standards; Evaluate PPP delivery models, including contract structuring, packaging and lifecycle approaches; Test commercial viability and bankability, including funding assumptions and conditions for private-sector participation; Inform risk allocation, affordability and value-for-money (VfM) assessments; and Explore operations, maintenance and capacity-transfer models to ensure sustainable, long-term asset performance.