13 August 2014
The Cape Chamber of Commerce and Industry
has welcomed the announcement by the South African National Roads Agency that
there will be no e-tolling in the Western Cape.
Cape Chamber President Janine Myburgh said
they are concerned that if the toll roads go ahead, toll fees will start low
but increase regularly as what happened to other toll roads in the country.
Myburgh said the major cost for toll roads
was the actual construction cost. This was usually financed by some form of
bond or loan and repayments would not vary much over the 20 or 30 years of the
loan so there would be little justification for the kind of annual increases we
have seen for the Huguenot Tunnel and Chapman’s Peak.
“According to Sanral the payways would be
built by a contractor who would raise his own finance, manage the project and
then transfer it free of charge to Sanral at the end of the concession period” Myburgh
Labels: Cape Chamber welcomes Sanral’s decision on Cape e-tolls