Sanral gets US$770 million for freeway project

South African National Roads Agency (Sanral) has received a bailout of over US$770 million from the government for its Gauteng Freeway Improvement Project (GFIP). The cash injection is a bailout for the electronic toll system which cost an estimated US$2.66 billion, much of it which still has to be paid for. The cash injection will enable tolls to pay for over 25 per cent of the cost of the project and enable the planned toll charges, due to be introduced on highways on 30 April, 2012 to be reduced by 25 pe
June 21, 2012 Read time: 1 min
South African National Roads Agency (2161 SANRAL) has received a bailout of over US$770 million from the government for its Gauteng Freeway Improvement Project (GFIP). The cash injection is a bailout for the electronic toll system which cost an estimated US$2.66 billion, much of it which still has to be paid for. The cash injection will enable tolls to pay for over 25 per cent of the cost of the project and enable the planned toll charges, due to be introduced on highways on 30 April, 2012 to be reduced by 25 per cent.
Charging, Tolling & RUC

Related Content

  • Virginia presses ahead with tunnels upgrade despite tolls challenge
    July 30, 2013
    David Crawford reviews current developments and legal/financial issues facing tunnel management in Virginia. This autumn the Virginia Department of Transportation (VDOT) in the US will defend its plan to introduce tolling on the Elizabeth River tunnels linking the cities of Norfolk and Portsmouth in the State’s Hampton Roads area. The tolling, which is due to start from February 2014, will be examined by the State’s Supreme Court later this year. The anticipated toll income, along with loans and bonds, is
    Read More
  • LGA report forecasts introduction of road tolling
    November 27, 2012
    A report by the Local Government Association (LGA), the organisation representing councils in England and Wales, predicts road tolling or pay as you drive road pricing could be introduced by 2018. With traffic predicted to nearly double over the next 25 years, the LGA believes the Government will have to consider tolls or even pay as you drive road pricing to raise the money it needs.
    Read More
  • Poll: Americans would pay more gas taxes to fund road projects
    June 12, 2014
    Two-thirds of Americans (68 per cent) believe the federal government should invest more than it does now on roads, bridges and mass transit systems, according to a new American Automobile Association (AAA) omnibus survey of 2,013 adults. Only five per cent of respondents believe the federal government should spend less on transportation. These results come as AAA urges members of Congress to increase the fuel tax, which will address significant transportation safety and congestion issues nationwide. The
    Read More
  • Is Europe's Galileo project value for money?
    February 2, 2012
    Philippe Hamet discusses the progress of the European Union's Galileo Global Navigation Satellite System Project
    Read More

Highlighted Content