'Sanral, National Treasury could face financial crisis over Cape tolls'
The municipality reacted to an announcement made by the Deputy President Cyril Ramaphosa on Wednesday.
CAPE TOWN - The City of Cape Town said the South African National Roads Agency Limited (Sanral) and the National Treasury face a financial crisis should the roads agency push ahead with its Cape Winelands toll project.
The municipality reacted to an announcement made by the Deputy President Cyril Ramaphosa on Wednesday regarding a raft of changes to the Gauteng e-toll funding model.
Among the amendments is the cutting of the monthly cap from R450 to R225.
The city's Brett Herron said the announcement proves Sanral's proposed Cape Winelands tolling project poses a huge risk to the National Treasury.
He said while the Transport Department has reduced the toll fees for Gauteng road users several times before, the treasury has had to foot the bill for the shortfall each time.
Herron adds he believes the roads agency and the treasury will be faced with an even bigger financial crisis should the project be implemented on the N1 and N2 highways in the Western Cape.