JOHANNESBURG - The Organisation Undoing Tax Abuse (Outa) - which is against e-tolls - on Tuesday called on the government to investigate other policy options available to service the Gauteng Freeway Improvement Project (GFIP) bonds.
The suggested options include the renegotiation of debt with the PIC and reassessment of budget reallocation by Treasury to cover the money owed.
This comes after Transport Minister Blade Nzimande’s recent statement on funding challenges for GFIP and the allocation of state funds to counter losses on the e-toll failure.
Transport portfolio manager for Outa, Rudie Heyneke, said while ring-fencing of a small part of the fuel levy for GFIP has been rejected by Treasury in the past, the time to reconsider this option has come.
"Outa believes that Sanral may be owed more revenue from the profits made by the three main toll concessionaires on long-distance tolled routes," said Heyneke.