Cash-strapped SANRAL: further reason to drop e-tolling
South African Roads Agency Limited's (Sanral) financial problems are a further reason for the entity to abandon e-tolling.
The DA reiterates its call for President Jacob Zuma not to sign the Transport Laws and Related Matters Amendment Bill (E-tolling Bill) into law. If signed into law, the Bill will give Sanral carte blanche to erect tolls around the country without public and parliamentary consultation.
Yesterday Sanral's Spokesperson, Vusi Mona, confirmed that as a result of repeated delays in the implementation of e-tolling: "Sanral has almost totally depleted its available cash...we're not able to fund ourselves any further, due to investors not feeling comfortable with our risk profile."
If Sanral were to abandon e-tolling its risk profile would improve, allowing for investment. Moreover, the total of South Africa's fuel levies over time would have provided enough funding for Sanral to fulfil its mandate.
Evidence keeps stacking up against Sanral's e-toll plans, proving it to be ill-conceived and not in public interest. This is confirmed by: