Cape Town -
Finance Minister Pravin Gordhan on Wednesday announced more funding for embattled transport agencies Prasa and Sanral to upgrade train services and national roads in his 2013/14 Budget.
The Passenger Rail Agency of South Africa will get roughly R5 billion over the next three years to fund plans to renew its fleet.
“The capital allocations to Prasa will ensure that the commuter fleet is renewed over a 10-year period from 2015/16 onwards and the necessary complementary allocations made,” according to the estimates of national expenditure tabled in Parliament.
The South African National Roads Agency will get an additional R156.2 million in the coming financial year, and roughly R1 billion a year for the following two years.
These allocations follow 2012’s Treasury lifeline of R5.8 billion to Sanral after massive public opposition delayed the implementation of e-tolling to allow it to service debt on the Gauteng Freeway Improvement Project. - Sapa