On Thursday, 20 September 2012, the Constitutional Court handed down judgment on an urgent direct appeal by the National Treasury and South African National Roads Agency Limited (SANRAL) against a temporary restraining order granted by the North Gauteng High Court, Pretoria (High Court) preventing SANRAL from implementing and collecting tolls.
South African National Roads Agency Limited (SANRAL) boss Nazir Alli says it is important for the country to keep investing in the upgrading and maintenance of its road infrastructure to pave the way for economic growth and development.
Government has put the second phase of the SA National Roads Agency’s Gauteng Freeway Improvement Project (GFIP) on ice for now, signalling more gloom for the beleaguered construction industry
Sanral CEO lambasted over news that a mainly foreign-owned consortium has a R4bn contract to collect tolls on the new Gauteng Freeway Improvement Project.
Recent disruptions to the supply of bitumen may encourage road builders to try an alternative technology developed by the Council for Scientific & Industrial Research.
Sanral said that the tender for the construction of the Winelands toll highway in the Western Cape, will commence in 2012.
SANRAL in its fifth auction for 2010 raised R400m under its Domestic Medium Term Note Programme carrying a full guarantee from the Government.
Construction Group Raubex Group has pointed to a secured order book of R4.7bn to help see the group through continued challenging trading conditions in the short-term.
The South African National Roads Agency says debt investors are demanding a lower risk premium, helping to reduce its costs of borrowing.

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