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

  • Connected-car security market expected to reach US$759 million in seven years
    September 30, 2016
    With nearly 112 million vehicles now connected around the world, the global market for automotive cybersecurity is expected to grow exponentially – to US$759 million in 2023, according to a new report, Automotive Cyber-security and Connected Car, from IHS Automotive, part of business information provider IHS Markit. Connected cars are defined as those that have a connection to the internet, through telematics, an onboard modem or a paired device in the vehicle, such as a mobile phone or other device. One
    Read More
  • Ohio River Bridges East End crossing project opened to traffic
    December 21, 2016
    The Ohio River Bridges East End Crossing, now named the Lewis and Clark Bridge, has opened to traffic to connect SR 265 in Indiana with the Gene Snyder Freeway in Kentucky, marking the substantial completion of the $2.3 billion Louisville Southern Indiana Ohio River Bridges project, which included the Downtown Crossing, now named the Abraham Lincoln Bridge. Parsons was the lead partner in the Community Transportation Solutions joint venture (JV). The JV served as the overall project’s general engineerin
    Read More
  • Study highlights weather effects on traffic
    July 17, 2012
    Extreme weather conditions cost the EU’s transport system at least €15 billion (US$18.44 billion) per year according to a a study carried out by the Finnish VTT Technical Research Centre. The study reveals that the greatest costs incurred are from road accidents, with the associated material and psychological effects. Costs arising from accidents are expected to decrease in volume, although time-related costs attributable to delays are projected to increase. In part, this last effect is due to climate chang
    Read More
  • New Highways England chief executive announced
    June 22, 2015
    Jim O’Sullivan has been appointed as the new chief executive of Highways England and will lead the government-owned company which is responsible for delivering US$17 billion of improvements to England’s motorways and major A roads by 2020. O’Sullivan is an experienced engineer who is expected bring significant leadership experience the role. He has a broad range of experience working on safety critical transport projects, in the utilities industries and in world renowned businesses including British Airw
    Read More

Highlighted Content