Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Roads funding shortfall sits at R75bn

Mar 09 2011 14:09 I-Net Bridge

Related Articles

April deadline for tolls committee

'Shoddy roads, ports Africa's top threat'

Ndebele backs down on tolls

Sanral chief defends toll contract

Sanral raises R750m at auction

ANC to tackle disputed toll system

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

Tupperware agents incensed by fakes

May 27 2012 11:49

The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.

Another golf estate victim

May 27 2012 13:09

The oversupply of golf estates has claimed another victim.

 
Share Share line Print
Johannesburg - The Department of Transport has been reviewing the funding model for road construction and maintenance and has indicated a shortfall of R75bn, director general George Mahlalela said on Wednesday. 

He was speaking at the Africa Roads Conference.

Mahlalela said about 30% of the country's road network had reached the end of its lifespan, but that this did not mean the remainder was in good shape.

SA has a road network of about 700 000 km covering freeways as well as provincial and municipal roads.

Mahlalela said funding from the fiscus and toll fees were not sufficient for road construction and maintenance.

The government plans to spend a total of R22.3bn on its road construction and maintenance plan over the next three years.

"We can't only focus on fiscus and tolling," Mahlalela said.

The DG said the review of the funding model sought to find additional sources for financing road construction and maintenance. "There are other ways to meet the demand of road infrastructure," he said. 

 
 
Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
It pays to know the cost and what you’re getting in return
May 28 2012 09:33

Investors may not have a clue what they’re paying their money managers or they type of service they’re getting, or, whether they can actually negotiate lower fees. (Reuters)

Perfin

I arranged two workshops in Cape Town at the Cape Chamber of Commerce offices as well as two computer based workshops, one on Google Adwords and another on Joomla Administrator at the training centre in Somerset West. Emarketing Workshops - http://emarketingworkshops.co.za/next-workshops 1. Interne... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

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

Loading...