Accordingto bank provided information, the project is designed to improve key national road segments with the objective to reduce transportation costs in South Africa. The contents of the Project include rehabilitation of the pavement for the existing toll sections of national roads, construction of additional lanes to widen such roads, and rehabilitation of related infrastructure such as bridges and intersections. After successful implementation of the Project, about ZAR 68 billion of savings of road user costs (in real terms) are expected to be achieved over 25 years forecasting period.
The total cost of the Project is estimated to be ZAR 8.2 billion. The NDB will finance ZAR 7.0 billion, accounting for 85% of the total cost. The remaining balance will be financed by SANRAL.
South African National Roads Agency SOC Limited