{"id":76084,"date":"2014-12-15T23:57:04","date_gmt":"2014-12-15T21:57:04","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=76084"},"modified":"2014-12-15T16:05:19","modified_gmt":"2014-12-15T14:05:19","slug":"e-toll-collections-break-even","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/76084\/e-toll-collections-break-even\/","title":{"rendered":"E-toll collections ‘break-even’"},"content":{"rendered":"

Kapsch Trafficom, the Austrian firm contracted to manage the controversial e-toll system, says that the\u00a0operation has reached the break-even point, despite the low payment rate.<\/span><\/p>\n

This is according to CEO Georg Kapsch, in a<\/span>\u00a0report on the group’s Q1 of the fiscal year 2014\/15.<\/p>\n

Gauteng premier David Makhura set up an advisory panel in July to examine the economic and social impact of the Gauteng Freeway Improvement Project and the e-tolling system set up to fund it.<\/span><\/p>\n

The panel handing in its findings in a report last month, and is expected to be made public early next year.<\/span><\/p>\n

It follows mass\u00a0opposition\u00a0towards the system from Gauteng motorists, to a point where one of the main opponents to the system \u2013 Opposition to Urban Tolling Alliance (Outa) – claimed that\u00a0e-toll payment compliance now stands at 35%.<\/span><\/p>\n

“Our toll collection system in the South African Gauteng\u00a0province went into operation at the beginning of December 2013.<\/p>\n

“The payment rate remains very low but the system operation has reached the break-even point in the meantime. However, the project in its entirety is still negative for Kapsch TrafficCom. We plan\u00a0to work with the customer to improve the profitability,”\u00a0Kapsch said.<\/span><\/p>\n

Before the implementation of e-tolls, Bloomberg reported that Kapsch TrafficCom expected to get\u00a0an annual revenue boost of “significantly more” than \u20ac50 million for eight years from the Gauteng project.<\/p>\n

The South African National Roads Agency meanwhile,<\/span>\u00a0reported to the panel in November,\u00a0that its total income from e-tolls between July and October was R365 million. The group had projected income of R545 million.<\/span><\/p>\n

The road agency had reported December-to-June income of R725 million, which it said was ahead of its R590 million projections.<\/p>\n

Sanral collected its highest monthly revenue of R120 million between May and June. However, since July, those numbers have been on the decline, to a lowly R65 million, collected in October.<\/p>\n

More on e-tolls<\/h3>\n

E-tolls a damn good idea: economist<\/strong><\/a><\/p>\n

E-tolls cost 25 cents for every R100 earned<\/strong><\/a><\/p>\n

E-tolls are not perfect: transport minister<\/strong><\/a><\/p>\n

Gauteng government will \u2018seriously consider\u2019 e-toll findings<\/span><\/strong><\/a><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

E-toll collections has reached the break-even point, despite a low payment rate.<\/p>\n","protected":false},"author":10,"featured_media":70473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1804,26,6051],"class_list":["post-76084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-e-tolls","tag-headline","tag-kapsch"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/76084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=76084"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/76084\/revisions"}],"predecessor-version":[{"id":76108,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/76084\/revisions\/76108"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/70473"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=76084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=76084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=76084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}