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

For more information on companies in this article

Related Content

  • US FY 2016 budget invests heavily in ITS, infrastructure
    February 3, 2015
    Announcing President Obama’s US$94.7 billion Fiscal Year 2016 budget for the US Department of Transportation, Transportation Secretary Anthony Foxx said, “Our budget proposal lays the foundation for a future where our transportation infrastructure meets the demands of a growing population and an economy that depends on the free flow of freight,” said Secretary Foxx. “This Administration is looking towards the horizon – the future – but to do this we need Congress’ partnership to pass a long-term reauthorisa
    Read More
  • Mileage based charging offers secure future for funding
    August 10, 2016
    HNTB’s Matthew Click sets out why a move to mileage-based pricing is inevitable. Infrastructure is the most neglected yet the most critical engine of our society, and our continued indifference could lead to a dystopian future. Our roads, bridges and highways have been largely passed by in the digital age—marginalised in an era when funding is limited and stewardship of physical assets has given way to our preoccupation with technological innovation and data—the stuff of the virtual realm.
    Read More
  • Put ‘people, not cars' first in transport systems, says UN Environment chief
    October 21, 2016
    Lack of investment in safe walking and cycling infrastructure not only contributes to the deaths of millions of people in traffic accidents on unsafe roads and poorly designed roadways, but also overlooks a great opportunity to boost the fight against climate change, according to a new UN Environment report. In Global Outlook on Walking and Cycling, the UN Environment Programme (UNEP) claims that greater investment in such infrastructure could help save millions of lives and reduce emissions of global w
    Read More
  • Q-Free reports strong revenue growth
    February 12, 2015
    Q-Free has reported strong revenue growth in the fourth quarter of 2014, reflecting a substantial increase in sales within the advanced transportation management systems (ATMS) business following the acquisition of US-based Open Roads by the end of the third quarter 2014 and an increase in product revenues. “In early 2014, we revised our strategy and now aim at creating more leads in the small and mid-sized segments. In Q4, we have made significant progress in this respect. At the same time we succeeded
    Read More

Highlighted Content