FCC identifies investor for new CBD
Francistown City Council (FCC) Mayor, Sylvia Muzila, says her municipality has identified an investor to construct a new central business district (CBD) as part of measures to address the city’s congestion crisis.
The new CBD expected to be constructed on a large piece of land currently known as the Francistown Golf Course is aimed at decongesting the country’s second city whose growth has been moving at a snail’s pace.
FCC has now identified a joint venture between China Civil Engineering Construction and Bothakga Burrow (Pty) Ltd as the qualifying investor to transform a 42 hectare piece of land into a modern CBD.
She told the ongoing full council meeting on Monday: “Let me inform this house that China Civil Engineering Construction-Bothakga Burrow (Pty) Ltd joint venture has been identified as the qualifying investor”.
This was after the council floated an expression of interest for the design, servicing, developing, management and transfer of the development of the FCC at the expiry of the agreement which is yet to be made public, she said.