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:
“For the merchant, even honesty is a financial speculation.”
—Charles Baudelaire (1821–1867)
“The Troubles are a pigmentation in our lives here, a constant irritation that detracts from real life. But life has to do with something else as well, and it’s the other things which are the more permanent and real.”
—Brian Friel (b. 1929)