SANRAL gets R5.7bn injection

Monday, March 11, 2019

The Transport Department has transferred R5.7 billion in its medium-term budget appropriation to the toll road network of the South African National Roads Agency (SANRAL).

The transfer is a strategic intervention by the department to deal with the non-payment by Gauteng road users of the Gauteng Freeway Improvement Project (GFIP).

“As a result of SANRAL’s toll network experiencing financial difficulties and to ensure that SANRAL complies with its payment terms to investors, as well as to maintain the toll network across the country, funds were transferred from the non-toll network to the toll network,” Transport Minister Dr Blade Nzimande said.

He said because no additional funding could be sourced from National Treasury to cover the GFIP shortfall, the department had to reprioritise its mid-term spending, while government is consulting all affected stakeholders on the permanent GFIP financing model.

“However, the Department of Transport is working hard to ensure that this matter of GFIP is resolved speedily,” the Minister said. –