The Gauteng government has committed R12.9 billion towards the decommissioning of e-tolls, which is a 30% contribution of the outstanding R43 billion.🌉
Finance MEC, Jacob Mamabolo, and Transport and Logistics MEC, Kedibone Diale-Tlabela, were also present in the meeting.
The purpose of the meeting was to conclude outstanding matters pertaining to the decommissioning of e-tolls, the 30% contribution by the provincial government towards settling the e- toll debt, as well as the funding model of the Gauteng Freeway Improvement Project .“The meeting resolved that the total amount to be paid by the provincial government is R12,9 billion using different revenue streams in the form of a hybrid model.
The provincial government also said that it will negotiate a long-term repayment period on the 30% debt, and the timeframes to be advised by the technical team.
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