All data is delayed
Loading...
See More

Gauteng tolls get R5.8bn respite

Feb 22 2012 14:04
Mzwandile Jacks
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

 
 
 

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

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

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...

Voting Booth

Sarb’s possible intervention in the markets to stem the rand’s fall is:

Previous results · Suggest a vote

Loading...