Toll Roads: The formula of GM raised eyebrows Opposition

il y a 10 années, 11 mois - 11 Avril 2013, The Défi Media Group
Toll Roads: The formula of GM raised eyebrows Opposition
The proposed toll road is not finished lather. The formula for the government to finance the project, according to a public-private partnership (PPP), people talking on the side of the Opposition.

The purpose of a PPP project is to push the private sector to invest in projects that are too expensive for the state. In exchange, he is allowed to make an interesting private return on investment. However, for the proposed toll road network, which launches in the government, the majority will be injected by the state.

Estimated at Rs 30 billion, new roads, 62 km long, is to decongest the existing one. The formula found by the Government is as follows: the promoter must inject 20% of its own funds, Rs 6 billion. The rest of it will be paid by the State at a preferential rate. To recoup its investment and make a profit, the operator will collect the toll revenue in its entirety and should also - but this point is not yet acquired - receive an annual payment (annual service fee) state.

On Tuesday the National Assembly, the Leader of the Opposition, Alan Ganoo, suggested that the formula applied "challenges the concept of what the PPP when the private sector has to invest 20%." The tender exercise has already been done, a "most preferred bidder" was found. This is Bouygues-Colas.

Parliament member Kee Cheong Li Kwong Wingreminded asks Anil Bachoo, Deputy Prime Minister and Minister of Public Infrastructure, that same consortium charged an additional cost of Rs 709 million, or 30%, for the construction of the road Red Earth / Verdun.

Recognizing that "the claim is excessive," Anil Bachoo pointed out that the government has not agreed to pay the additional amount. He was careful to make clear that the choice of the incumbent operator at the Central Procurement Board, which is not of his "spring."

How will charge motorists to use these toll roads? The amount has not yet been finalized. It is only when the contract between the state and the company that will operate the network, will be signed Anil Bachoo will be able to "provide more information."

The new network of toll roads including the Harbour Bridge, Circular Road Port-Louis, the A1M1 bridge, Terre-Rouge/Verdun/Ébène road and the development of "grade separation" of roundabouts in Pont-Fer , Dowlut and Red Earth Red Sea. Part of the highway up to Port Louis should also be paid.