“That is primarily as a consequence of numerous initiatives taken by NHAI like shut monitoring of present contracts, deletion of provision for deemed extension of three months, well timed bidding, guaranteeing the utmost contracts for one-year period are awarded and short-term contracts of three months are minimized” NHAI stated in an announcement issued on Thursday.
Based on NHAI, in proportion phrases, the price of toll assortment decreased from 17.27% in FY 2023-24 to 9.27% in FY 2024-25.
The ‘Price of Toll Assortment' is the distinction between the toll charge collected by the tolling companies and the quantity remitted to NHAI at public funded toll plazas.
In FY 2023-24, complete toll collected by the toll companies amounted to Rs 27,417 crore out of which about Rs 22,681 crore had been remitted to NHAI.
Nevertheless, in FY 2024-25 the toll companies collected a complete of about Rs 28,823 crore as toll charge, out of which round Rs 26,149 crore had been remitted to NHAI.NHAI stated measures had been taken to drastically scale back quick time period three-month contracts, limiting solely three untimely termination requests throughout a monetary yr and proscribing the identical contractor within the bidding of toll plaza for which he has submitted the untimely termination request.”Well timed launch of efficiency safety (money half) and financial institution ensures of the toll assortment companies additional enhanced their bidding capabilities ensuing into increased bids quantities,” it stated.
“Other than this, to keep away from any windfall features to the toll assortment companies, a ‘Windfall Acquire' clause was additionally launched within the agreements, below which the contract of the toll assortment company could be terminated if the shifting common of toll assortment in final 15 days is greater than 40 p.c of the remittance paid to NHAI,” it added.
