On 2 November 1999, N3 Toll Concession (Pty) Ltd (N3TC) entered into a 30-year Toll Road Concession Contract with the South African National Roads Agency Limited (SANRAL). Over this period, N3TC is responsible for managing the physical asset, the road, and the financial asset, the shareholder equity, revenue collected and commercial debt.
N3TC's mandate is to Design, Construct, Finance, Operate and Maintain the N3 between Cedara and Heidelberg.
Having established a sound engineering and financial platform, N3TC is now refining and expanding its business model to address customer needs, namely convenience, mobility and safety.
Convenience - the ease with which our customer, the road user, be it the business traveller, the recreational traveller or the commercial haulier, travels along the N3.
Mobility - where traffic congestion, construction delays and accident delays are minimised and throughput at the Toll Plazas is maximised.
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.
All N3TC's activities are underpinned by the firm commitment of our Shareholders and Management towards Corporate Social Investment, striving towards "A Better South Africa for All".