Question NW3425 to the Minister of Transport
10 November 2017 - NW3425
Groenewald, Mr HB to ask the Minister of Transport
(a) (i) How often are toll prices of long distance and inter-provincial toll roads revised and (ii) what criteria are used to arrive at a decision to revise the prices, (b) how many price increases have taken place in respect of each toll road in the past three financial years and (c) what are the details of the increases in each case?
Reply:
a) (i) Toll prices are revised once every year effective 1 March, or closest subsequent date, determined by the Minister’s approval of the tariffs and their publication in the gazette.
a) (ii) The average CPI during the previous 12 months (November to October) or, in the case of concessions (public private partnerships), the year on year CPI, as determined by the respective concession agreements.
b) Three price increases in the past three financial years, one per year, effective 7 March 2015, 1 March 2016 and 3 March 2017. GFIP e-tolls were not adjusted in 2015; they were adjusted in 2016 and 2017.
c) Details of the increases are as follows:
- The previous year’s unrounded tariffs were adjusted for Consumer Price Index:
- The CPI for 2015: 6.0167%
- The CPI for 2016: 4.6750%
- The CPI for 2017: 6.0417%
- The adjusted tariffs were rounded off, to the closest 20 cents, 50 cents or Rand