The Gauteng provincial government says that it will contribute R12.9 billion towards the decommissioning of e-tolls in Johannesburg – but will do it over a longer term, using a new ‘hybrid model’ to draw revenue.<\/p>\n
Gauteng premier Panyaza Lesufi met with finance minister Enoch Godongwana and road agency Sanral to hash out a plan for ending the system in the province this week.<\/p>\n
He said that the province would raise the R12.9 billion needed to settle the province’s portion of the debt through “different revenue streams in the form of a hybrid model”, and that it will be paid over a long-term payment period.<\/p>\n
The premier did not specify what the “hybrid model” would be, nor did he say how long the term of payment would be. He previously proposed that the money be paid over 20 years.<\/p>\n
The “hybrid model” of revenue collection will be set up through consultation with Gauteng residents, the premier, and would also provide for the future funding of the Gauteng Freeway Improvement Project and also see to the maintenance of the systems.<\/p>\n
“A long-term repayment period will ensure that we relieve the pressure on the provincial government fiscus, while maintaining the delivery of social services and other imperatives such as fighting crime,” Lesufi said.<\/p>\n
“More work still needs to be done jointly by the Gauteng government, national Department of Transport, Sanral and National Treasury to clarify maintenance and the decommissioning of e-tolls,” he said.<\/p>\n
\nGauteng government update on decommissioning of e-tolls pic.twitter.com\/bxweJvdynk<\/a><\/p>\n
— Gauteng Provincial Gov (@GautengProvince) November 22, 2022<\/a><\/p><\/blockquote>\n