Sanral raises expansion funds

The South African
National Roads Agency
Limited (Sanral)
has raised another
R525 million in its
eighth auction for 2010.
Under its Domestic
Medium Term Note
Programme, carrying a
full guarantee from the
Government, Sanral
has now raised some
R20.2 billion of bonds for
the expansion and upgrade
of toll roads, particularly
the Gauteng Freeway
Improvement Project
(GFIP). Some R9.95 billion
of the money raised has
been without guarantee.