Gauteng road project costs rocket ( understatement )

[daveza]

http://www.fin24.com/Economy/Gauteng-road-project-costs-rocket-20120525

Johannesburg - The costs of the first phase of the Gauteng Freeway Improvement Project (GFIP) have increased significantly to almost R90bn, ITWeb Financial reports.

Democratic Alliance Gauteng transport spokesperson Neil Campbell said the entire project, not just phase one, was estimated to cost R6.3bn.

He said the opposition was shocked at the extremely high cost increases of the GFIP and e-tolling, the website reports.

The figures have never been made public, despite attempts by the DA and media to access the information, he is reported as saying.

He cited the huge costs of borrowing which amounted to R38.3bn over a 20 year loan period, the expensive toll operating costs and the possibility of kickbacks, as causes of concern.

Sanral did not respond to requests for comment by the time of publication, according to the website.

From 22 billion to 90 billion ?

 

[Fudzy]

Have they started these improvements yet?

 

[gregmcc]

possibility of kickbacks

The possibility??!! Pffftttt.

 

[LazyLion]

What improvements?

 

[Mila]

http://www.fin24.com/Economy/Gauteng-road-project-costs-rocket-20120525



From 22 billion to 90 billion ?

Have they started these improvements yet?

oh yes they started to build the R21 again. for the 4th time.

 

[DreamKing]

why don't they say R900 trillion ?
that is no different for me ................... it is also ridiculous!!!!!

 

[supersunbird]

What improvements?

Who you asking?

 

[LazyLion]

Who you asking?

Gautengalengers.

 

[Lupus]

They started it in 2007, or apparently...

 

[The_Unbeliever]

Wag, wat????????????????????

 

[Mila]

Wag, wat????????????????????

No more good news

 

[froot]

No more good news

There was good news? Where? I don't remember getting any?

 

[Mouse]

WHAT THE FUCK??? :wtf:
So this is why they didn't want to release the figures

 

[supersunbird]

Gautengalengers.

Offramps and onramps at Garsfontein Rd (there wasn't any), new offramps and and onramps at Lynnwood Rd (there were none going and coming from north), much better interchange at Rigel (you dont sit there for 20 to 25 min anymore), same at Hans Strydom and R21. The new lights along the R21 are really nice and from Brakfontein north on the N1. Allandale is also a vastly improved interchange better.

The consistent resurfacing of R21 and now having started close to the Old JHB Road on N1 south are not so nice and some of the crap JHB interchanges are still crap (heres looking at you William Nicol)...

 

[Mila]

There was good news? Where? I don't remember getting any?

We had a thread. Happy news. no more.

 

[Elimentals]

All I can say to you lot still in JHB is...

 

[Lupus]

All I can say to you lot still in JHB is...

If this goes through, you will also suffer, there are knock on affects.

 

[bekdik]

ANCeconomics?

 

[gregmcc]

If this goes through, you will also suffer, there are knock on affects.

+1

We will all end up suffering under the hands of the new regime.

 

[antowan]

Offramps and onramps at Garsfontein Rd (there wasn't any), new offramps and and onramps at Lynnwood Rd (there were none going and coming from north), much better interchange at Rigel (you dont sit there for 20 to 25 min anymore), same at Hans Strydom and R21. The new lights along the R21 are really nice and from Brakfontein north on the N1. Allandale is also a vastly improved interchange better.

The consistent resurfacing of R21 and now having started close to the Old JHB Road on N1 south are not so nice and some of the crap JHB interchanges are still crap (heres looking at you William Nicol)...

I am not going to have anybody convince me all the stuff they did cost more and R6 - R10Billion....