NARI Reporter

2019-03-12 09:59:49 -

1 week ago

MEDIA STATEMENT: Department of Transport Transfer R5, 7-Billion to Sanral Toll Road Network...

The Department Transport 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 the 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," said Minister Nzimande.

Minister Nzimande further said that because no additional funding could be sourced from National Treasury to cover the GFIP shortfall, the department had to reprioritise its mid-term spending whilst 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, said Minister Nzimande".

Issued by: Department of Transport"",

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