Can someone explain how a pipeline over benign terrain (compare it to the Trans-Alaskan wilderness, facing sub-zero temperatures) is the most expensive ever built? Is it because it cost 20% more to pay the bribes, and the other 70% covered greasing palms and investing in cronyism? Think that's an exaggeration:
75 percent of the new tariffs will not even reach Transnet...
So 10% is actually the cost of building this...
"The new pipeline will be the most expensive in the world -- four times higher that the European equivalent, almost seven times more expensive than the United States, for example, and double the Trans-Alaskan pipeline, which traverses some of the most difficult terrain on the planet and is double the distance," Maseko said.
"If approved, Gauteng motorists will pay an average of 39 cents a litre more [for petrol] over the next two years.
"What we find extraordinary as well is that 75 percent of the new tariffs will not even reach Transnet, but will accrue to the inland refiners in what amounts to a direct subsidy courtesy of the inland Gauteng motorists, adding up to a windfall of between R2 and R5 billion in the next three years."
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