Sanral raises millions more
Johannesburg - The SA National Roads Agency Limited (Sanral), in its seventh auction for 2010, has raised an additional R376m under its
Domestic Medium Term Note Programme carrying a full guarantee from the government.
In a statement on Wednesday, it said it had tapped into its HWAY20, HWAY23 and HWAY34 bonds at the mark to market spreads.
Including the R9.95bn raised without a guarantee, Sanral has now raised R18.6bn of bonds for the expansion and upgrade of toll roads, particularly the Gauteng Freeway Improvement Project.
Absa Capital and Rand Merchant Bank were appointed as joint lead arrangers and market makers on Sanral's JSE listed Domestic Medium
Term Note Programme.
Whatever it costs our road must be upgraded and updated. Sanral is doing a great job. A huge amount of petrol is wasted in traffic snarlups. Free flowing traffic is definately a saving
SANRAL is doing very well, & has done so in a difficult climate to outshine the rest... We still have the 2nd or 3rd best national road network in the world. A price worth paying tolls, as our national highways are a pleasure to drive on, better than most european states except maybe Germany.
Pity the municipal road management simply cannot play the same ballgame..
Hey Vovo, ever actually been to The Netherlands, France, Germany, USA? Doesn't sound like it!!