1(a)(i) A total of R215,434,940.43 was paid to date to the Special Purpose Vehicle (SPV) for the current BRT operations.
(ii) A total of R6,200,000 was paid as a lump sum interim compensation to the Ekurhuleni Taxi Industry (ETI) trust.
A total of R4,477,840.00 in revenue collected was paid to the Ekurhuleni Taxi Industry (ETI) trust. This is based on the signed interim compensation agreement between the City and ETI.
1(b) The money was paid on the following dates
Payment description |
Dates/months paid |
Current BRT operations (from 2017 to date) |
|
Lump sum interim compensation |
|
A portion of revenue collected |
|
1(c) The following are the SPV directors
(2) Audited statements for KTVR are submitted to the City as stipulated in the section 67 agreement.