Government aims to put 1,500 km more NH under tolls in the next 12 months
NEW DELHI: The Center is likely to bring at least 1,500 kilometers more than national roads under toll in the next year, as the rapid rate of construction and expansion of the road network continues.
Currently, around 27,000 km of sections of NH are under toll and only in the last month 12 toll plazas were put into operation. As we complete the update of more tranches there will be tolls to generate revenue, a source said.
According to sources, until January of the first week, NHAI and the Ministry of Roads have built or expanded almost 7,000 km of NH sections, which means that the daily construction was about 26 km. This is a little higher than last year's NH construction record for the same period.
“The fastest completion of NH projects will obviously generate revenue as soon as the toll starts. This has become even more important as we are offering more complete tranches to private players under the Toll Operate and Transfer (TOT) model where they pay us in advance and obtain toll collection rights. We have to prepare more projects for this to generate Rs 1 lakh crore by 2024, ”said an official.
Recently, the Cabinet modified the conditions for the auction of projects under TOT. While NHAI was previously allowed to auction only those projects that were operational for at least two years, it can now offer projects to private players that are operational for only one year.
Union Minister Nitin Gadkari He had recently told Parliament that a total of Rs 24,396 crore was collected as a toll of NHs across the country in 2018-19. However, NHAI's participation in this toll is almost Rs 10,000 million.