As explained in the reply to question 934, financing the Gauteng Freeway Improvement Project (GFIP) is done on a corporate finance basis and not a project finance basis. Borrowing for toll roads are done on the basis that there is a revenue stream to finance the debt. A significant portion of the South African National Roads Agency’s existing debt was to finance the upgrade of roads on GFIP and it requires a revenue stream to finance it, so e-tolls cannot be abolished without a revenue stream to finance existing commitments.