Road Fund
Federal · United Kingdom · 11-50 Employees
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Overview
Headquarters
4 Apt Flawing Street. the Grand Ave, Liv...Phone Number
+266 22216036Website
www.roadfund.org.lsRevenue
$5 MillionIndustry
ZI Rank: 1
Signal Type
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ZI Rank
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About Road Fund
The Road Fund, which is a fund specifically dedicated for funding maintenance of roads, was established by the Lesotho Government through Legal Notice No. 179 of 1995. The main reason for establishing the Fund, like many other countries in the World, was to shift the burden of financing maintenance of Lesothos road infrastructure from general taxes collected by the central fiscus to road user fees, and to close the persistent financing gaps that characterized road maintenance prior to the establishment of the Fund. This policy shift essentially means that roads are brought to the market place, are put on a fee-for-service and are managed like a business. The fee-for-service concept therefore, means that the road users have to pay commensurate fees for the use of roads in order that the roads may be maintained on a sustainable basis. With the above background, everyone is warmly welcomed to learn more about the Road Fund of Lesotho in the following pages and related links. Welcome to thRead more
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The Road Fund, which is a fund specifically dedicated for funding maintenance of roads, was established by the Lesotho Government through Legal Notice No. 179 of 1995. The main reason for establishing the Fund, like many other countries in the World, was to shift the burden of financing maintenance of Lesothos road infrastructure from general taxes... Read More
