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

  • USDOT makes US$7 million available for multi-state projects
    February 14, 2013
    The US Department of Transportation (USDOT) is making funds available to existing and potential multi-state organisations and other agencies engaged in corridor transportation activities for participation in the Multi-state Corridor Operations and Management (MCOM) Program authorised by the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU). The purpose of the investment is to promote regional cooperation, planning, and shared project implementation for program
    Read More
  • Diverse development of tolling business models
    April 25, 2013
    A diversity of tolling business models offers a wider toolbox of highway finance options, as the IBTTA’s Patrick Jones explains. The business models for America’s tolled highways have gone through several different evolutions over the last 75 years, reflecting a succession of shifts in transportation policy and politics, financing and funding models, urban patterns, customer needs, and technology. And with more and more decision-makers expressing renewed interest in tolling, it’s that very diversity that ma
    Read More
  • Electronic toll collection delivers efficient traffic regulation
    February 3, 2012
    Electronic tolling systems have been in use for decades now. Worldwide, steadily more and more tolling systems are being set into operation, providing efficient means for traffic regulation and financing of infrastructure. But despite this maturity enforcement is still not being given the consideration it deserves. Q-Free's Steinar Furan writes
    Read More
  • Progress in talks on new Sydney toll road
    October 10, 2013
    Toll roads operator Transurban says it has made good progress in its talks with the New South Wales government on a US$2.5 billion tunnel proposal for Sydney's north. The proposed project would be a tolled motorway linking the M1 Pacific Motorway, formerly the F3 freeway, at Wahroonga to the M2 toll road at West Pennant Hills. The project involves the construction of new eight kilometre tunnel, which would be the longest tunnel of its kind in Australia. “We have made significant progress in our disc
    Read More

Highlighted Content