The initiative is being driven by the Selebi-Phikwe Economic Diversification Unit, set up within the Ministry of Finance and Development Planning three years ago. Projects planned for Phikwe's diversification include tourism activities around the Letsibogo Dam as well as activities and leisure facilities in and around Selebi-Phikwe township. Other plans revolve around the agricultural and agro-processing, industrial, education and service and high technology sectors.
At least P13 million will be needed for the development of primary works around Letsibogo Dam and another P28 million for related small project funding. According to SPEDU, other projects which will need funding include the redevelopment of Anne Adams Park with costs pegged at P2.5 million over 18 months and the upgrading of Selebi Phikwe Stadium for an estimated cost of P1.5 million over the same period. Further funding will be required for several studies into the proposed regeneration projects that are expected to keep Phikwe afloat after BCL Mine closes down.
