• Change of culture needed

    The right leadership will help SA shed its culture of violence, says Mandi Smallhorne.

  • 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

Loading...
See More

Sanral chief defends toll contract

Feb 16 2011 12:01 Sapa

Related Articles

Outcry grows over Gauteng toll fees

'Toll fees will hit commuters'

Ndebele pledges more talks on tolls

Gauteng road toll tariffs announced

'Gauteng toll rates spell doom for motorists'

Toll fees to include discounts: Sanral

 
Pretoria - SA National Roads Agency Limited (Sanral) CEO Nazir Alli lambasted the outcry over news that a mainly foreign-owned consortium has a R4bn contract to collect tolls on the new Gauteng freeway improvement project.

Speaking at a National Press Club conference in Pretoria, Alli said the country was seeking foreign direct investment, but at the same time there would be an outcry if a foreign company was given work.

"We need to make up our minds. Are we going to say we don't want foreign investment?" he asked.

ETC Joint Venture won the R6.22bn tender to operate the controversial toll system.

It comprises 65% of the Swedish and Austrian branches of the traffic technology company Kapsch, while the South African company TMT holds a 35% stake.

There were four tenders for the project, with ETC Joint Venture the cheapest. The most expensive tender at R15.29bn came from a Norwegian/Italian/South African joint venture.

Earlier this month Alli announced that motorists can expect to pay 66 cents a kilometre before discounts when travelling on the 185km tolled Gauteng freeways.

The announcement has caused an uproar, with consumer groups and unions saying that the poor would be the worst affected.

Alli said that tolls collected would be used to pay off the estimated R20bn in loans obtained to build the system and to maintain the roads.

He said he believed that the tolls would have a minimum impact on inflation.
sanral  |  roads  |  tenders

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
108 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

10 most expensive cars In the world
10 of the most expensive things that will leave your jaw hanging!
Seven of the most expensive children's toys ever made
5 millionaires turned murderers

Money Clinic

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

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...