Lanceria Smart City Construction

business overview

Country (trade office) South Africa (Johannesburg)
Project name Lanceria Smart City Construction
Business Category Others
Overseas ordering company City of Johannesburg, Johannesburg Development Bureau
project schedule 2020-2030
financing Multilateral Development Bank, South African Government, Private Investment, etc.
Scale $3 billion
Project period 2020-2030

Job Description

Main Content
  • A comprehensive smart city development plan accommodating a total population of 50 is currently under public hearing
    – Construction of eco-friendly energy buildings
    – Establishment of security system by introducing smart CCTV solutions such as face recognition
    – Creation of eco-friendly industrial complex and development of logistics hub
    – Eco-friendly public transportation (BRT) system operation
    – Introduction of 5G throughout the smart city, etc.
  • Schools, shopping malls and hospitals within walking distance
Reason for selection
  • In early 2021, the President of South Africa announced the project implementation plan in his State of the Union address.
  • The master plan for the project has been released, and the current government's intention to pursue the project is clear.

entry plan

opportunity factor
  • As a global smart city model, Korea will be able to occupy an advantageous position when participating in the project based on its development experience.
    expected
  • In connection with various government support programs such as MOEF's economic development experience sharing project (KSP) and MOLIT's K-City Network
    It is possible to secure the basis for project promotion
Threats
  • In order to participate in the South African government procurement project, the Black Economy Promotion Act (BBBEE) must be complied with.
  • It is necessary to participate in the project in cooperation with a competent local company
local collaboration
possible company
Other notes
  • If you participate in the initial smart city plan, related policies, and regulations through KSP or K-City Network projects,
    The possibility of laying the groundwork for winning orders for this business project may increase