Building of R10 billion Winelands toll road to start 2012

The South African National Roads Agency Limited (Sanral) said on Friday the tender for the construction of the Winelands toll highway in the Western Cape will close next month, confirming that the actual construction will commence in 2012.

SANRAL CEO Nazir Alli said the N1-N2 Winelands project, stretching 150 kilometres, is values at around 10 billion rand.

Alli said the preferred bidders and the ultimate winning concession will be announced in 2011.

He added that the project will be funded through bank finance and not through bonds.

The roads agency has spent 23.7 billion rand, raised through bonds, to fund and expand toll roads, especially the Gauteng Freeway Improvement Project, its single largest project.

Source: IOL Business Report (http://www.busrep.co.za/index.php?fSectionId=552&fArticleId=5679520)