DA SUPPORTS CALL FOR PROBE INTO GAUTENG TOLL CONTRACTS

The Democratic Alliance supports calls for a probe into the Gauteng toll contracts.

We need to know who benefits from these contracts and why such an exorbitant toll collection contract was signed with an overseas company.

It is hugely suspicious that 50% of the Black Economic Empowerment stake in the Electronic Toll Collections (ETC) consortium was sold for R60 million shortly after the tender was awarded to ETC.

Was there a pay-off of some kind?

The situation now is that Vienna-based Kapsch TrafficCom now has 85% ownership of ETC.

The real cost of the toll collection contract needs to be established, but I estimate it’s about R11 billion for the first eight years, and thereafter more than R1 billion a year just to collect the tolls.

Statement by Jack Bloom MPL

DA Gauteng Caucus Leader

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