Toll Tax

IRB Infra Trust makes non-binding offer to IRB InvIT Fund for 5 toll assets

IRB Infrastructure Trust has made a non biding offer to IRB InvIT Fund to transfer five toll assets having an enterprise value of Rs 15,000 crore as of September 2024, according to an exchange filing on Thursday. In a statement, IRB said it plans to re-invest the proceeds raised from the deal in upcoming opportunities in the infrastructure sector. IRB Infrastructure Trust is IRB Infrastructure and Developers' private InvIT (infrastructure investment trust) with 51 per cent stakeholding, while IRB InvIT Fund is a publicly listed InvIT platform in which the infrastructure player has a 15 per cent share. "IRB Infrastructure Trust, an associate, has announced a non-binding offer to transfer five matured highway assets to the IRB InvIT Fund," IRB Infrastructure Developers Ltd (IRB) said in a statement. The proposed transfer is subject to execution of definitive documents and the receipt of necessary approvals, the company said. IRB along with the associate operates 17 toll assets. In .

Poll-bound Maharashtra scraps entry toll for light motor vehicles in Mumbai

The toll fees for five entry points in Mumbai: Dahisar, Mulund, Vashi, Airoli, and Tinhanth Naka, were revised on October 1, inviting criticism against the Eknath Shinde government from the Opposition

No toll up to 20 km on highways: How new satellite-based toll system works

Under new rules, private vehicles with GNSS can travel up to 20 km daily for free on select highways; a fee will be applied beyond 20 km

New toll rules: Is FASTag's end near with GNSS rollout? Who's using it?

Vehicles equipped with On-Board Units (OBUs) featuring GNSS will automatically have tolls deducted based on the distance travelled, with the initial 20 km being free of charge

Goodbye to toll plazas and waiting? Centre notifies GPS-based toll system

Vehicles equipped with Global Navigation Satellite System (GNSS) On-Board Units (OBUs) will be able to automatically pay tolls based on the distance they travel

NHAI to track 100 toll plazas with GIS-based software for seamless traffic

State-owned NHAI will track around 100 toll plazas with GIS-based software for seamless movement of traffic at national highways, an official statement said on Monday. According to the statement, these toll plazas have been identified based on congestion feedback received through 1,033 national highway helpline. The live monitoring and tracking system will provide congestion alerts and lane distribution recommendations when the queue of vehicles at a toll plaza is more than the prescribed limit, it added. The monitoring service will be extended to more toll plazas in a phased manner. Apart from providing the name and location of the toll plaza, the statement said the software will share details related to the live status of queue length in meters, total waiting time and vehicle speed at toll plaza. It will also provide congestion alert and lane distribution recommendation, if the queue of vehicles at a toll plaza is more than the prescribed limit, the statement added. In addition

IRB Infrastructure Q1FY25 results: Toll collection grew 32%, PAT rises 5%

The company reported a toll collection worth Rs 1,556 crore for the first quarter of the ongoing financial year

The 'default' path: PSBs classify Reliance Infrastructure's SPV as NPA

Recently, RBI proposed to increase standard asset provision requirements for project loans during the construction phase to 5% from 0.40% now

Car driver runs over toll staff on Delhi-Meerut expressway, video viral

A female staff at the Kashi toll plaza in Paratpur area on the Delhi-Meerut Expressway experienced major injuries when struck and run over by a car, whose driver fled the spot

Satellite-based toll collection system to replace toll plazas: Gadkari

Speaking on complaints of exorbitant toll taxes, the Minister pointed out that highways save time and thereby fuel usage as well

Paying road tax online in India: Everything you need to know about this tax

The state government collects tolls, passenger and goods taxes, and motor vehicle taxes annually or for a lifetime. Both the central and state governments charge a road tax

Toll on Mumbai-Pune Expressway to be increased by 18% from April 1

Toll for vehicles on the Mumbai-Pune Expressway, the first access-controlled road of the country, will increase by 18 per cent from April 1, officials of the Maharashtra State Road Development Corporation (MSRDC) said on Tuesday. A senior MSRDC official said that though the toll increases by six per cent annually, it is implemented cumulatively at 18 per cent after every three years, as laid down in a government notification of August 9, 2004. The new toll will be Rs 320 for four-wheelers like cars and jeeps instead of the current Rs 270, and Rs 495 for vehicles like mini-bus and tempos instead of the current Rs 420, another official said. Toll for two-axle trucks will increase to Rs 685 from the current Rs 585. For buses, it will increase to Rs 940 from Rs 797. Three-axle trucks will be charged Rs 1,630 instead of Rs 1,380 and multi-axle trucks and machinery-vehicles will have to pay Rs 2,165 instead of current Rs 1,835. Toll would remain the same till 2030 as there would not be

Toll operators in India to see a revenue jump of 16-18% in FY23: CRISIL

In FY24, the revenue growth will continue to be strong, but it will be a lower 9-11 per cent

NHAI likely to discontinue fixed toll tax at Delhi-Gurugram Expressway

Currently, for a single journey, a car is charged Rs 80 while a bus or truck pays Rs 235 at the Kherki Dhala tolling booth

IRB Infra total toll collection rises 27% to Rs 351.75 cr in February

IRB Infrastructure Developers on Thursday said its total toll collection across all projects has increased 27 per cent year-on-year to Rs 351.75 crore in February 2023. The company had reported the toll collection at Rs 277.47 crore in February 2022, it said in a statement. IRB Infrastructure Developers Chairman & Managing Director Virendra D Mhaiskar said that the February 2023 toll collection on all the corridors has once again revealed the consistency and robustness in the growth over last year; thus, reflecting India's economic stability in the post-pandemic era.

No data available on faulty FASTags, penalties collected from users: NHAI

State-owned NHAI has no information about faulty FASTags and the penalties collected from motorists in case their FASTags are non-functional at highway toll plazas. In case a motorist does not have a FASTag or it is non-functional, then the person has to pay double the toll charges 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. However, it has no information about the number of faulty FASTag cases and the total amount of penalty collected from users despite having their vehicles fitted with the Radio Frequency Identification (RFID) tag. In response to RTI queries about the number of faulty FASTag cases and the amount of penalties collected from the users for non-functional FASTags, NHAI said, "no such data is available". "Total no. of 60,277,364 FASTags have been issued till 31.10.2022," it said in response to an application filed by PTI under the Right to Information Act. A FASTag a

Indian-origin man appointed Director of Toll Road Authority in US

An Indian-origin man has been appointed to the Board of Directors of the Fort Bend Toll Road Authority and the Grand Parkway Toll Road authority in the US state of Texas. Swapan Dhairyawan, 57, was appointed last week based on his background, community outreach, and financial expertise. I am proud to appoint Dhairyawan to the Grand Parkway Tollway Board of Directors, Precinct 3 Commissioner Andy Meyers said. He is a Certified Public Accountant and understands the importance of being a good steward of the people's money, he added. As a Director of the autonomous body, Dhairyawan will oversee the maintenance, expansion, budget, and economic impact for the county. I am thankful to Commissioner Andy Meyers Precinct 3 for nominating me for this position at the Fort bend Commissioners Court, and I am looking forward to engaging and working for substantive results. The Tollways not only connect people but they are an economic engine for the neighbourhood which gets enriched abundantly,"

Centre eyeing state highways with high traffic for lane expansion: Gadkari

The Centre is mulling a scheme under which it will take over state highways having high-traffic density for expansion, Union Minister Nitin Gadkari said on Saturday. Gadkari, who handles the road transport and highways portfolio, said a state highway will be expanded into a four or six lane road by the Centre and toll will be collected for 25 years before handing the asset back to the state. "we will take that highway from the state government (and) will collect the toll," Gadkari said, speaking at a convention organised by the Association of National Exchanges Members of India (ANMI) here. The minister, who has built a reputation for constructing mega road projects across the country, exuded confidence that the money invested for a particular highway's expansion into a 4-6 lane carriageway can be recovered in 12-13 years itself. He, however, did not offer any elaboration on the evinced plan like if the Centre is in talks with any states or the overall outlay under this or if such

New rules from Sept 1: Toll prices, insurance, property rates and more

New Rules: Toll prices and property rates surged in Delhi and Uttar Pradesh. Audi announced a price hike on all of its models. Read this article to know what changes have been made till now

Transporters may have to shell out more for toll on new port roads

The development comes at a time when the shipping ministry stares at under-utilisation of assets since there has been slow progress on road and railway connectivity projects