In­ter­toll col­lects $56m from nine toll­gates

Chronicle (Zimbabwe) - - Business -

IN­TER­TOLL Zim­babwe has col­lected $56 mil­lion from the nine toll­gates it op­er­ates on the re­ha­bil­i­tated Plumtree-Mutare high­way on be­half of Zim­babwe Na­tional Roads Au­thor­ity (Zi­nara) over the past four years, an of­fi­cial has said.

In­ter­toll Zim­babwe is the lo­cal unit of In­ter­toll Africa, a sub­sidiary of South African engi­neer­ing firm, Group Five.

Group Five re­ha­bil­i­tated the 800 kilo­me­tre high­way un­der a $206 mil­lion loan from the De­vel­op­ment Bank of South Africa.

An on­line pub­li­ca­tion, The Source quoted In­ter­toll Zim­babwe manag­ing direc­tor Ms Brid­get Led­waba as hav­ing told the Par­lia­men­tary Port­fo­lio Com­mit­tee on Trans­port and In­fras­truc­tural De­vel­op­ment yes­ter­day that: “Since we em­barked on our con­tract, our toll col­lec­tion in­come has been $56 mil­lion.

Out of that, at least 10 per­cent were ex­emp­tions so what has been banked di­rectly into Zi­nara’s ac­count is about $51 mil­lion.”

The pub­li­ca­tion said Ms Led­waba re­fused to shed light on the terms of the work­ing ar­range­ment be­tween In­ter­toll Zim­babwe and Zi­nara cit­ing on­go­ing ne­go­ti­a­tions to re­view their cur­rent con­tract.

In June, Zi­nara board chair Al­bert Mu­gabe told the same com­mit­tee that the con­tract was on a cost-plus-model with In­ter-toll get­ting 21 per­cent after costs.

When Zim­babwe rolled out toll gates in 2010, the Zim­babwe Rev­enue Au­thor­ity col­lected toll fees at all of the coun­try’s 26 gates on be­half of Zi­nara on a 10 per­cent com­mis­sion.

Zi­nara act­ing chief ex­ec­u­tive, Moses Juma, said rev­enue from toll col­lec­tions had in­creased sig­nif­i­cantly since the process was com­put­erised.

“Monthly rev­enue has in­creased sig­nif­i­cantly since we com­put­erised we have seen an in­crease from $1,2 mil­lion to about $2,1 mil­lion per month,” Juma told the same com­mit­tee.

In June this year, Zi­nara said it had raised $180 mil­lion since the tolling sys­tem was in­tro­duced six years ago.

Zim­babwe re­quires about $5 bil­lion in the next five to 10 years for its na­tional road de­vel­op­ment and re­ha­bil­i­ta­tion pro­gramme.

How­ever, the gov­ern­ment through the Min­istry of Trans­port and In­fras­truc­tural De­vel­op­ment has in re­cent years re­ceived lim­ited fund­ing from the Zi­nara.

Last year, the al­lo­ca­tion by Zi­nara and Trea­sury was just over $6 mil­lion and this has been the trend pre­vi­ously re­sult­ing in a huge back­log in road main­te­nance ac­tiv­i­ties — The Source/Busi­ness Re­porter.

One of the toll­gates along the Plumtree-Mutare high­way

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