An independent study calling into question the economic rationale underpinning the N2 Wild Coast Project will be reviewed, but the project remains economically viable and would boost economic development in the Eastern Cape, the South African National Roads Agency (Sanral) said on Tuesday. A funding model for the project would be announced in due course, but Sanral had reached an in-principle agreement decision with the Treasury on a hybrid model for both tolling and fiscal allocations, said Sanral’s southern region manager Mbulelo Peterson. Lobby group Sustaining the Wild Coast has called on Finance Minister Pravin Gordhan to reprioritise funding earmaked for two bridges in the Eastern Cape, saying the cost of the N2 Wild Coast road project was escalating despite questionable objectives. Sanral, however, maintains it has amended its model and has researched all aspects of the project, but will regardless review the independent report. A report released by the group earlier in Octob...
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