Charting a Path to Prosperity: Thorntree Development Mega-Inclusionary Housing Project to Redefine Tshwane's Housing Landscape

CRI has been commissioned to conduct a comprehensive Cost-Benefit Analysis (CBA) for the transformative Thorntree Development Mega-Inclusionary Housing Project in the City of Tshwane, South Africa. The project aims to address the critical housing shortage and provide approximately over 45,000 housing opportunities, catering to diverse household needs and income levels. It includes non-residential properties like commercial, industrial, and institutional facilities, fostering economic growth and creating a thriving community.

The project's phased execution is already underway, with a portion of dwelling units and essential infrastructure completed. The upcoming phase focuses on delivering over 20,000 dwelling units and necessary infrastructure to nurture a vibrant and self-sustaining community. The meticulous CBA analysis employed the Integrated Investment Appraisal (IIA) methodology, scrutinizing the financial impact for the sponsors. A comprehensive economic analysis considered the project's national implications, while a thorough stakeholder and risk analysis played pivotal roles in managing potential challenges.

Empowered by the CBA insights, the project sponsors have refined the development's design to maximize its viability and overall economic impact. The findings have been shared with stakeholders to meticulously assess the project's outcomes and its profound impact on targeted communities, aligning with their respective objectives. The Thorntree Development Mega-Inclusionary Housing Project represents a beacon of hope and prosperity for the City of Tshwane, aiming to create a brighter and more inclusive future for all.