On 2 November 1999, N3 Toll Concession (RF) Proprietary Limited (N3TC) entered into a 30-year Toll Road Concession Contract with the South African National Roads Agency (SOC) Limited (SANRAL). Over this period, N3TC is responsible for managing the physical asset (the road); and the financial asset, shareholder equity, revenue collection and commercial debt.
N3TC’s mandate is to design, construct, finance, operate and maintain the N3 between the Cedara interchange, near Hilton, in KwaZulu-Natal and the Heidelberg South interchange in Gauteng.
Having established a sound engineering and financial platform, N3TC is now refining and expanding its business model to address customer needs, namely safety, convenience and mobility.
Safety: the ability to travel on a world-class road, with engineering, education and enforcement forming the pillars of our drive towards a safer N3.
Convenience: the ease with which road users – from business and recreational travellers to commercial hauliers – can travel along the N3 Toll Route.
Mobility: where traffic congestion, construction and accident delays are minimised and throughput at toll plazas is maximised.
All N3TC’s activities are underpinned by our shareholders’ and management’s firm commitment towards Corporate Social Investment, striving towards "A Better South Africa for All".