R5bn to be injected into N1N4 toll route over 15 years

Special purpose vehicle Bakwena Platinum Corridor Concessionaire has announced plans to inject over R5-billion into the rehabilitation and upgrade of the N1N4 toll road over the next 15 years as it reaches the midway mark of its 30-year concession with the South African National Roads Agency Limited (Sanral). Tasked by Sanral in 2001 to manage, maintain and upgrade the 385 km route, Bakwena had started its “second intervention” of upgrades since building the national route between 2001 and 2004 at an initial cost of R5.33-billion in 2015 rand terms, CEO Graeme Blewitt said on Tuesday.