Toll roads earned R472 million net of VAT in the 2001/02 financial year, with the N1 North Plazas in Limpopo collecting the highest total of R131 million.
Toll roads earned R472 million net of VAT in the 2001/02 financial year, with the N1 North Plazas in Limpopo collecting the highest total of R131 million.
Acting minister transport minister Jeff Radebe gave the figures while replying to a written request from NNP’s Piet Matthee in Parliament on the income of toll roads.
The results do not include income from the Tugela, Mooi and Wilge toll plazas that are operated by N3 Toll Concession. The N1 North Plazas’ income total are up from R117 million in the 2000/01 financial year.
Radebe said the total expenditure was R180 million. This money was used for road and plaza maintenance, construction and the operation costs of running the toll roads. The N1 North Plazas spent R33 million on maintenance.
The Vaal and Grasmere plaza made R81 million with a maintenance cost of R54 million, while the Huguenot Tunnel collected R59,6 million and spent R10 million on running costs.
Of the other toll roads, the N17 collected R47 million, Mariannhill R27 million, the North Coast R88 million, the South Coast R20 million, the Tsitsikamma toll plaza R11 million and Magalies made R7 million.
The toll road tariffs increased from March 1.