To accelerate the construction of the
“Long Term Coastal Protection Solution”
In St Francis Bay
(Restoration of our River, Spit and Beach)
The SFPO NPC appointed Advisian to design a Long Term Coastal Protection Solution for St Francis Bay in 2017, and completed the Preliminary Design in February 2018. This solution formed the basis of the application for the Environmental Application and its subsequent approval in April 2022. The SFPO NPC launched a fundraising drive in 2021 to accelerate the construction of the Long Term Coastal Protection Solution to restore our beach in St Francis Bay.
We announced the fundraising drive at our AGM on 20 December 2023.
In terms of our EIA approval, we are required to have the funds available before we commence the construction of any phase.
Target – Rm
Total – R160m
Phases 1 & 2 – R110m
Phases 3, 4 and 5 – R50m
Raised to date (5 February 2024)
Total – R86.5m
Existing cash – R34m
Riparians – R6m
River Comm/Estates – R2m
Donations – R5.5m
Loans – R39m
Still to be raised.
Total required – R160m
Raised to date – R86.5m
Still required by Phase – R73.5m
Phases 1 & 2 – R23.5m
Phases 3, 4 & 5 – R50m
The Fundraising team have spent the past month, since the SFPO AGM, talking to many property owners about their participation in funding the acceleration of the Long Term Coastal Protection Solution. This interaction with property owners is ongoing, and we welcome participation and engagement from any property owners willing to support this fundraising initiative.
The quicker we can restore our beach, the sooner we will experience and enjoy the recreational value of our beaches once again, continued growth in the value of our properties, and reduction in the cost of maintaining the rock revetments currently defending the canals and many properties overlooking the beach.