Question NW1923 to the Minister of Transport
27 September 2016 - NW1923
Rabotapi, Mr MW to ask the Minister of Transport
(a) Why did the black economic empowerment partner (details furnished) withdraw from the Gauteng Freeway Improvement Project, (b) when did the specified withdrawal take place, (c) under what conditions did the specified withdrawal take place and (d) what were the costs, if any, to (i) the SA National Roads Agency Ltd and/or (ii) any other Government entity or department in this regard?
Reply:
(a) it is assumed that the honourable member is referring to the black economic empowerment partner of the Electronic Toll Collection Company. The transaction is proposed between the main members of the Consortium that was awarded the toll operations portion of the GFIP project. We have been informed that the recently issued press statements by the affected parties indicated that this was a normal transaction wher the BEE partner was exercising its right to sell its shares.
(b) As stated above, the transaction has not been finalised yet.
(c) As stated above, the details of the transaction are not available to Government.
(d) There are no costs to be incurred by SANRAL or any other Government entity. This is a private transaction between the involved parties.