More money for Sanral and Prasa

2013-02-27 15:15 - Sapa
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Cape Town - Finance Minister Pravin Gordhan on Wednesday announced more funding for embattled transport agencies Prasa and Sanral to upgrade train services and national roads in his 2013/14 Budget.

The Passenger Rail Agency of South Africa will get roughly R5bn over the next three years to fund plans to renew its fleet.

"The capital allocations to Prasa will ensure that the commuter fleet is renewed over a 10-year period from 2015/16 onwards and the necessary complementary allocations made," according to the estimates of national expenditure tabled in parliament.

The South African National Roads Agency will get an additional R156.2m in the coming financial year, and roughly R1bn a year for the following two years.

These allocations follow last year's Treasury lifeline of R5.8bn to Sanral to allow it to service debt on the Gauteng Freeway Improvement Project, after massive public opposition delayed the implementation of e-tolling.





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