Department of Transport ‘bails’ out Sanral
JOHANNESBURG –The South African National Roads Agency (SANRAL) has received 5.7 billion from the Department of transport in order to deal with the lack of e-toll payments by Gauteng's road users.
The Department of Transport has ‘bailed’ out Sanral.
Sanral received R5.7 billion from the department of transport as a strategic intervention to deal with the non-payment by Gauteng road-users of the Gauteng Freeway Improvement Project (GFIP).
Minister of Transport, Blade Nzimande, said funds were transferred from the non-toll network to the toll network. This is said to be a result of Sanral’s toll network that was experiencing financial difficulties. This is also to ensure that Sanral complies with its payment terms to investors across the country.
Nzimande also stated that the Department of Transport had to reprioritise its mid-term spending while the government was consulting all the stakeholders that were affected by this GFIP financing model. This was a result of not being able to source additional funding from National Treasury to cover the GFIP shortfall.
The minister furthermore stated that the Department of Transport was working hard to ensure that this matter of the GFIP was resolved quickly.
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