Loading...
See More

Gauteng tolls get R5.8bn respite

Feb 22 2012 14:04 Mzwandile Jacks

Related Articles

Tolls will make rich poorer - economist

Chapman's Peak toll dispute ends

Cape Town toll construction halted

Gautrain commuters drop as strikes bite

E-tag conditions illegal - report

Deloitte to probe e-toll roadbloacks

 
Pretoria - In a bid to contribute to a reduction of the burden on consumers for the Gauteng Freeway Improvement Programme, the government has proposed a special appropriation of R5.8bn to be included in the 2011/12 expenditure.

Finance Minister Pravin Gordhan said this would reduce the debt to be repaid through the toll system and would make a steeper discount possible for regular road users. The total debt associated with the project is R20bn.

“Mr Speaker, I am mindful that the introduction of tolling to finance the Gauteng Freeway Improvement Programme has caused considerable public reaction,” Gordhan admitted.

“We have listened carefully to the various suggestions and appreciate the difficulties that might be faced.”

He said it was important to remember that road user charges also served an important “demand management function” on roads that were heavily congested.

Users benefited through lower vehicle operating costs, time savings and improved safety.

In addition, improved maintenance of regional and provincial roads was made possible by the additional revenue that SA toll roads generated.

“Going forward, government will carefully evaluate future road infrastructure funding. In addition, the further development of efficient and cost effective public transport systems will receive the urgent attention of the department of transport,” Gordhan said.
pravin gordhan  |  budget 2012
NEXT ON FIN24X

Nuclear cost not yet clear

2012-02-28 14:52

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
38 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

Africa: Land of Billionaires!

Find out who are the richest of the richest in Africa!

 
 

Men24.com

Best bro movies 2014
Every man should be able to do these three things
Goalkeeper saves five penalties with his FACE!
Hottie of the day: Jesselyn

SABudget on Twitter

Twitter icon

Join the Fin24.com conversation by using SABudget every time you tweet.

Loading..

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...