a) The decrease from R6.3billion to R550.5 million, represents the decrease in the allocation from the fiscus to the project. In 2018/19 a special allocation of R5.75 billion was made due to the funding shortfall created by the non-payment of etoll. This amount was originally earmarked for non-toll roads, but was later un-earmarked and allocated to toll, to prevent a default on SANRALs bonds. The R550.5m is a normal fiscal allocation to SANRAL since the new dispensation in 2015.
b) The bonds which matured in the last three financial years (2017, 2018 and 2019) are as follows:
BOND |
DATE MATURED |
NOMINAL VALUE |
NRA 018 |
30 Nov 2018 |
R2 386 500 309 |
PN001 |
6 February 2019 |
R510 000 000 |
PN002 |
21 February 2019 |
R550 000 000 |
PN003 |
28 March 2019 |
R164 000 000 |
c) the bonds which will be maturing in the next three financial years (2020, 2021 and 2022) are as follows:
BOND |
DATE MATURING |
NOMINAL VALUE |
HWF08 |
15 July 2019 |
R1 000 000 000 |
HWF09 |
19 September 2019 |
R700 000 000 |
HWF10U |
30 September 2019 |
R700 000 000 |
PN004 |
6 February 2020 |
R556 000 000 |
PN005 |
21 February 2020 |
R640 000 000 |
HWAY20 |
31 July 2020 |
R6 744 618 477 |
d) Toll and Non-toll budget for the past three years
See the link: http://pmg-assets.s3-website-eu-west-1.amazonaws.com/RNW307TollNonToll.pdf