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:
“... aside from the financial aspect, [there] is more: the life of my work. I feel that is all I came into the world for, and have failed dismally if it is not a success.”
—Mary E. Wilkins Freeman (1852–1930)
“Now when Job’s three friends heard of all these troubles that had come upon him, each of them set out from his home—Eliphaz the Temanite, Bildad the Shuhite, and Zophar the Naamathite. They met together to go and console and comfort him.”
—Bible: Hebrew, Job 2:11.