Financial Troubles
The park was built at a cost of R700-million, has been subsidized for a total of R450-million by the eThekwini Municipality, suffered a net loss of R44.5-million, and a total deficit of R377.5-million. There have also been irregular expenditures (expenditures which do not undergo normal procurement procedures) of R3.15-million on the park.
Read more about this topic: UShaka Marine World
Famous quotes containing the words financial and/or troubles:
“Because of these convictions, I made a personal decision in the 1964 Presidential campaign to make education a fundamental issue and to put it high on the nation’s agenda. I proposed to act on my belief that regardless of a family’s financial condition, education should be available to every child in the United States—as much education as he could absorb.”
—Lyndon Baines Johnson (1908–1973)
“I still think I ought to leave Washington well alone. I have many friends in that city who can of their own motion speak confidently of my ways of thinking and acting. An authorized representative could remove some troubles that you now see, but only think of yet greater troubles he might create.”
—Rutherford Birchard Hayes (1822–1893)