Economist Mike Schüssler estimated that it would cost motorists a staggering R10 a litre in fuel tax if it was the only funding mechanism. The argument presented by some that a fuel levy was the panacea for all road-funding needs was a misnomer, Schüssler said.
During a recent presentation at the Transport Forum, Schüssler said R137.5bn was needed annually to fund road maintenance and a further R27.5bn to expand the country's road network to meet the needs of the economy. He based the figure of R137.5bn on the assumption that the average road in the country needed to be replaced every 20 years. He said these estimates implied that the R165bn was not shared with other imperatives such as housing, as was currently the case with fuel taxes.
Can Mr Schüssler substantiate how he gets to this figure?
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