Further e-tolls for the expansion of Gauteng highways have reportedly been placed on hold for now as the South African National Roads Agency Limited (Sanral) focuses on finalising its funding model.
According to news reports, the much-maligned e-tolls project is on the brink of total collapse with monthly revenue collections dropping to R60 million while Sanral’s bond repayment remains R260m per month.
Daily newspaper Business Day cited Sanral GM for communications, Vusi Mona, as saying that the reduced e-toll tariffs had resulted in "higher attraction" to the upgraded freeways and there was now a need for new freeways to be constructed earlier than anticipated.
However, phases two and three of the improvement project could not begin without finalising a sustainable funding model, he said.
