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October 27, 2005
Gautrain will cost over R20bn
The Gauteng Department of Public Transport, Roads & Works on Wednesday welcomed the announcement by Finance Minister Trevor Manuel on Tuesday in Parliament that the overall cost to the fiscus of Gautrain would exceed 20 billion rand over the next five years.
The department said in a statement that this was the expected total exposure of Gautrain as expressed in nominal value.
The project cost that was generally quoted was 7 billion rand.
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Posted by bernievn at October 27, 2005 2:47 PM