Don’t miss the latest developments in business and finance.

Govt mulls tolls on public-funded national highways

Proceeds from such monetisation of completed projects shall be utilised for construction, operation and maintenance of national highways

Govt mulls tolls on public-funded national highways
Press Trust of India New Delhi
Last Updated : Jul 22 2016 | 12:03 AM IST
A proposal for monetisation of completed public-funded national highway projects is under consideration, Minister of State for Road Transport and Highways Pon Radhakrishnan told Lok Sabha on Thursday.

“A proposal for monetisation of completed public funded national highway projects through Toll-Operate Transfer mode based on the expected collection of user fee receivables, through private sector efficiency and expertise is under active consideration," he said.

Proceeds from such monetisation of completed projects will be utilised for construction, operation and maintenance of highways, he said.

Besides, he said Internal Extra Budgetary Resources of Rs 59,279 crore has been allotted to National Highways Authority of India (NHAI).

NHAI has already been authorised to raise Rs 25,000 crore (taxable) and Rs 5,000 crore for construction and maintenance of national highways.

Also Read

First Published: Jul 21 2016 | 11:57 PM IST

Next Story