Saturday, May 12, 2012
Treasury will take on Sanral’s debt
Andiswa Mkosi
12 May 2012
Finance Minister Pravin Gordhan says South Africa is looking at options to retire a multi-billion-Rands debt incurred by Sanral for highway upgrades.
This follows the High Court’s ruling against e-tolling on parts of Gauteng’s highways.
The income from e-tolling would have been used to repay the debt.
The Treasury may have to pay for the entire 20-billion-Rands loan, despite having only budgeted five-point-six-billion-Rands for the project in February.
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