Union Minister for Highway, Transport and Highways Nitin Gadkari stated on Saturday that the federal government is about to introduce a nationwide policy for tolling on nationwide highways that can guarantee affordable concession, which is able to tremendously relieve commuters.
Talking at the BT MindRush 2025 in Mumbai, the union minister stated the policy is prepared and is predicted to be introduced before April 1. He didn’t share extra particulars associated to the policy however that folks won’t bicker anymore on tolling charges on nationwide highways.
“I’ll declare a policy on tolls before April 1. It should supply affordable concession to commuters,” stated Gadkari.
Talking within the Lok Sabha on Thursday, the minister stated that the federal government is planning to introduce an annual cross system to switch toll assortment on nationwide highways, enhancing operational effectivity and selling comfort for highway customers.
The transport ministry has additionally invited Request for Proposal (RFP) to implement Computerized Quantity Plate Recognition (ANPR) FASTag System-based barrier-free tolling system on the charge plazas of “Gharonda, Choryasi, Nemili, UER-II and Dwarka Expressway”, with the potential of implementing it on different charge plazas in a phased method relying upon the outcomes and efficacy of the implementation on these initiatives.
Talking at the occasion, Gadkari stated that there isn’t any dearth of cash however there’s a want to extend the spending of the budgetary allocation.
“Presently, the NHAI toll revenue is Rs 55000 core and subsequent two years, it is going to be 1.40 lakh crore. I’ve a undertaking value Rs 5 lakh crore for monetisation and price range assist of Rs 2.80 lakh crore. I wish to improve the pace of spending which will get delayed to surroundings clearances and land acquisition,” he stated.
The minister stated he would need poor folks to spend money on freeway development and would supply an curiosity of 8.05% in comparison with 4.5% provided by banks on deposits. He additionally talked about 36 inexperienced categorical highways being constructed to chop down on logistics prices drastically.
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