R542 million motorway repairs planned for South Africa

South Africa, which still counts the cost of damage caused by devastating floods last month, will spend more than half a billion rand on repairing two of the country’s most important national roads.

The repair work on the N2, which follows the coastline from Cape Town almost all the way to Mozambique, and the N3, which connects the economic hub of Johannesburg with the port city of Durban, will cost R542.5 million ($ 34 million), Minister of Traffic Fikile Mbalula said Friday in a speech.

The bill will be funded by the South African National Roads Agency and is likely only a fraction of what it will cost the country to recover from the widespread chaos caused in the Eastern Cape and KwaZulu-Natal provinces. Just deploying the army to help in those regions is expected to cost 506.4 million rand. And that is for picking up repairs needed for rail networks, housing, bridges, ports and small roads.

The costs add tensions to the government’s already tight budget after spending in balloon with the coronavirus pandemic and escalating to deadly riots in July, which left more than 350 people dead and caused billions of rands in damage. . The debt is close to 70% of the gross domestic product and the state is under pressure to limit the budget deficit.

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R542 million motorway repairs planned for South Africa

Source link R542 million motorway repairs planned for South Africa

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