Transport Minister Blade Nzimande said 'extensive discussions' are underway about e-tolls in Gauteng‚ but said a decision to scrap them has not been made.
The minister said an amount in today’s terms is owed of R67 billion - and that’s the amount owed for the building of the freeways.
Speaking to Africa Melane, Organisation Undoing Tax Abuse's (Outa) CEO Wayne Duvenage says the figure is questionable.
It was a figure of R20 billion loan that they got from the PIC back in 2008/9 when they were building the Gauteng Freeway project.— CEO Wayne Duvenage, Organisation Undoing Tax Abuse
It is very interesting, so where does the R67 billion come from is the first question. But the issue of whether they are going to be able to use e-tolls to fund this outstanding money, the short answer is no as they have barely collected enough to pay for the collection process.— CEO Wayne Duvenage, Organisation Undoing Tax Abuse
He adds that keeping e-tolls in place doesn't solve that problem and believes they will start saving money if they scrap the e-tolls.
Listen below to the full interview:
This article first appeared on 702 : Blade Nzimande can't use e-tolls to fund Sanral's R67bn debt says Outa