The South African National Roads Agency Limited (SANRAL) has raised about R17.3bn ($2.2bn) towards its road development projects.

SANRAL said the road projects will involve expansion and upgrade of toll roads.

The Gauteng Freeway Improvement Project, which is part of the programme, is expected to be on schedule for 2010 FIFA World Cup.

Currently about R406m ($52m) of the funds have been raised under its domestic medium-term note programme in its fourth auction for 2010.