HIGHWAY TOLL COLLECTION
After proposing no tolls for poor highways, Nitin Gadkari asks officials to work on passes for cars
Union Road Transport Minister Nitin Gadkari has proposed the introduction of monthly or annual passes for cars on the National Highway network to simplify toll collection and reduce commuter hassles. This suggestion comes alongside his call for tolls to be waived on poorly maintained highways, emphasizing the need for quality service before collecting tolls.
Highway tolls shouldn't be charged for pothole-filled or muddy roads, Nitin Gadkari tells highway agencies
Union Road Transport Minister Nitin Gadkari emphasized that highway agencies should not charge tolls for poorly maintained roads. Speaking at a global workshop on satellite-based tolling, he stressed that good services must precede toll collection. Gadkari addressed the inefficiencies and long wait times at toll plazas, promoting a GNSS-based toll collection system to enhance transparency and efficiency, reducing logistics costs and benefiting users.
GNSS-based toll collection to add Rs 10,000 crore to India’s toll revenue: Nitin Gadkari
Speaking at the international workshop on GNSS-based electronic toll collection in India, union minister for road transport and highways Nitin Gadkari said since commercial vehicles including trucks account for 75% of annual toll revenue it is important that the new system is implemented on commercial vehicles first. India’s toll collection stood at Rs 64,809.86 crore in 2023-24 as against Rs 48,028.22 crore in 2022-23, an increase of 34.9%.
Road ministry to roll-out satellite based toll collection on highways soon
The National Highways Authority of India, under the ministry of road transport and highways, has invited bids for to develop and implement GNSS-based electronic toll collection system in India, first on commercial vehicles and extended to private vehicles over the next two years.
Highway tolls to use satellite-based technology soon; Here's how it works and other details?
India is set to introduce a new satellite-based toll collection system, a global first. Using GNSS and GPS, this system charges vehicles based on the distance traveled, eliminating toll plazas and improving the commuter experience. Unlike FASTag, it operates on the Global Navigation Satellite System, offering precise tracking. This innovation aims to modernize toll collection, potentially increasing revenue to Rs 1.40 trillion in the next few years. Despite challenges, such as infrastructure upgrades, this system signals a significant advancement in India's transportation sector.
NHAI's revised toll rates come to effect across highways
NHAI has hiked toll charges by 5% on national highways. The revised user fee has been implemented from Monday, affecting motorists across the country.
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India to increase road toll charges from Monday
India will hike road toll charges across the country by 3-5% from Monday, officials said, after putting the annual increase on hold in April due to the country's general elections. Toll charges in India are revised annually in line with inflation, and highway operators have announced hikes of 3% to 5% at nearly 1,100 toll plazas starting Monday.
NHAI's road assets monetisation can fetch up to Rs 60,000 cr for govt this fiscal
ICRA predicts NHAI's road asset monetization plan could yield up to Rs 60,000 crore in FY2025, part of the National Monetisation Pipeline. NHAI plans to sell 33 assets through toll-operate-transfer (TOT) and InvIT modes, totaling 2,750 km with Rs 4,931 crore annual toll collection, likely attracting various investor types.
NHAI likely to extend FASTag KYC compliance deadline by one month: Sources
The National Highways Authority of India (NHAI) has extended the Know Your Customer (KYC) compliance deadline for FASTags, aiming to streamline electronic toll collection. NHAI introduces the 'One Vehicle, One FASTag' initiative to boost efficiency, discouraging the use of a single FASTag for multiple vehicles. NHAI emphasizes adherence to the initiative to ensure seamless toll operations and convenience for users. Users can update their FASTag KYC through the official website or their respective bank portals.
Highway toll mopup rises 35% to 5-year high of ₹64,810 crore
Year-wise, toll collection stood at ₹25,154.76 crore in 2018-19, ₹27,637.64 crore in 2019-20, ₹27,923.80 crore in 2020-21, ₹33,907.72 crore in 2021-22 and ₹48,028.22 crore in 2022-23. A senior official said a shift to satellite-based toll collection is expected to add to the revenue. "We are doing pilots across different stretches and based on the feedback, the system will be rolled out pan India in a graded manner," the official said.
Congress promises big road toll revamp in its Lok Sabha election manifesto
The policy on road tolls will be reviewed, the party's manifesto said. Also, formulae will be applied to determine the toll amount and the period of levy for each stretch of the road, it added.
Revised model concession agreements for toll projects will safeguard interest of all stakeholders: CareEdge Ratings
Revised model concession agreements (MCAs) for toll projects aim to bolster investor confidence and safeguard stakeholders' interests. The Ministry of Road Transport and Highways (MoRTH) incorporated favorable changes in the BOT and TOT models to address execution challenges and mitigate risks, potentially reducing peak debt requirements by 10%.
New toll rates on highways to be effective after Lok Sabha elections
NHAI to calculate new user fee rates annually, post Lok Sabha elections, affecting over 850 user fee plazas. ECI defers toll fee hike linked to wholesale price index inflation.
'One Vehicle, One FASTag' norm comes into force
The National Highways Authority of India (NHAI) has implemented the 'One Vehicle, One FASTag' rule to deter the use of a single FASTag for multiple vehicles. Effective from April 1, users with multiple FASTags for one vehicle won't be able to use them all. FASTag ensures seamless toll payments using RFID technology.
'We are ending toll': Nitin Gadkari on new toll system
Union Transport Minister Nitin Gadkari announced the end of tolls, introducing a new satellite-based toll collection system. Money will be deducted directly from bank accounts based on road usage, saving time and money for travelers. Gadkari highlighted reduced travel time from Mumbai to Pune, from 9 hours to 2 hours. He emphasized the Bharatmala Pariyojana's importance in enhancing freight traffic handling and aims to elevate India's road network to US standards.
Bengaluru-Mysuru Highway toll fees to rise from next week: Here are revised toll rates and other details
NHAI has announced a toll fee increase for the Bengaluru-Mysuru highway, effective from next Monday. Motorists will face revised charges, with car owners paying an additional Rs 10 for single and return journeys. Toll rates for specific segments, including the Bengaluru-Nidaghatta stretch, have been detailed. This adjustment follows previous revisions and extends to the Satellite Town Ring Road, impacting commuters' travel expenses.
Road ministry amends model concession agreements for BOT and TOT projects
Some of the key amendments for capacity augmentation on BOT, aimed at incentivising the private sector, include construction support to the concessionaire to complete projects on time and longer tolling period to tide away losses on account of competing roads.
Toll collection on national highways surpassed Rs 50,000 crore till January-end this FY
This fiscal year will see record toll collection of about Rs 62,000 crore aided by increase in tolled roads and addition of new FASTag users.
Road contract awards in India hit decade-low in 2023-24, significantly below target
Data by the ministry of road transport and highways shows just 3481 km of road contract has been awarded till January this year as against the targeted 13,290 km for 2023-24. The average monthly road contracts awarded in this fiscal is 300 km so far.
Govt to soon come out with tender for introducing GPS-based highway toll collection system: Gadkari
The government plans to introduce a GPS-based highway toll collection system on national highways, replacing toll plazas. Union Minister Nitin Gadkari announced that successful pilot projects have paved the way for this change. The new system aims to reduce traffic congestion and accurately charge motorists based on the distance traveled. The Ministry of Road Transport and Highways will soon issue a tender for implementing this technology. This move follows successful trials of automatic number plate recognition systems to enable automated toll collection, reducing average waiting times significantly.
NHAI names 9 banks to facilitate payments at 247 toll stations amid Paytm Payments Bank regulatory clampdown
NHAI's move is aimed at ensuring that toll collection at these gateways is not impacted after March 15-the date from which Paytm Payments Bank, an associate of One 97 Communications, has been ordered by the RBI to stop all basic payment services--a person familiar with the move said.
Your FASTag will be deactivated if you don't do this by January 31
If your KYC is not complete, then even valid balance will not save your FASTag from being blacklisted or deactivated by your bank. The process will start from January 31. So, get your KYC fully done on or before the last day of the current month.
NHAI rolls out 'One Vehicle, One FASTag' initiative
The move is expected to discourage use of single FASTag for multiple vehicles or linking multiple Fastags to a particular vehicle and enhance efficiency in toll collection at toll plazas, the ministry of road transport and highways said in a statement issued on Monday.
No tolled highway with full capital cost recovery: Nitin Gadkari
Replying to a separate question in the Lok Sabha, Nitin Gadkari said road safety audit of all National Highways projects has been made mandatory at all stages of design, construction, operation and maintenance through third-party auditors/experts.
New satellite-based toll collection system to start in the next three months: Nitin Gadkari
India plans to implement satellite-based tolling systems on national highways by March 2024, according to Nitin Gadkari, the Minister for Road Transport and Highways. The introduction of FASTag has already reduced waiting times at toll plazas. However, the allocation of new construction projects for national highways has decreased by 52 per cent this fiscal year, posing a challenge to achieving the government's target of constructing and expanding 12,000 km of highways.
NHAI awards TOT bundles 13 & 14 for Rs 9,384 crore
With the combined value of Rs 15,968 crore of TOTs awarded in 2023-24, the National Highways Authority of India has surpassed its monetisation target of Rs 10,000 crore, the ministry of road transport and highways said on Monday.
NHAI collected over Rs 53,000 cr since 2020-21 as toll fee via FASTag: Gadkari
In response to another question in Rajya Sabha on Wednesday, union minister Nitin Gadkari said that the cost escalation under the Bharatmala Pariyojana Phase was due to increase in cost of raw material, increased land acquisition cost, construction of high speed corridors and increase in GST rates.
TOTal gain: NHAI awards 400 km for Rs 6,584 crore
TOT model has been developed to encourage private participation in the highway sector. Till now, NHAI has monetized 1614 km of projects for Rs 26,366 crore (excluding ToT bundle 11 and 12) through ToT and 636 km of projects for Rs 10,200 crore through InVIT.Till now, NHAI has monetized 1614 km of projects for Rs 26,366 crore (excluding ToT bundle 11 and 12) through ToT and 636 km of projects for Rs 10,200 crore through InVIT, it said.
NHAI says no data available about faulty FASTags, penalties collected from users at toll plazas
According to the National Highways Authority of India (NHAI), more than 6 crore FASTags have been issued as on October 31, 2022.
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