New Toll Tax System: Now tolls will be collected through this technology, and there will be no long jams! Gadkari told the whole planning

Posted on 26th Jun 2024 10:42 am by rohit kumar

Road Transport and Highways Minister Nitin Gadkari on Tuesday said that the Hybrid Annuity Model (HAM) for completion of highway construction can be made flexible and market-driven.

 

What did Nitin Gadkari say about contractors

 

At present, under the HAM model, the government provides 40 percent of the project cost to the developer to start work, while the rest of the investment has to be made by the developer. Gadkari said at a program here that I believe that infrastructure should be developed by contractors only.

 

"Even if the contractor is ready to invest more than 60 percent of the project cost under the HAM model, why should the government always pay 40 percent? It is necessary to complete the construction of the highway and these proposals should be market-driven. - Nitin Gadkari"

 

What did he say about increasing toll collection?

 

Gadkari also said that the total toll collection in the country will increase by at least Rs 10,000 crore when electronic toll collection based on the Global Navigation Satellite System (GNSS) is implemented.

 

The total toll collection in India was projected to grow 35 percent year-on-year to reach Rs 64,809.86 crore in FY 2023-24. Gadkari also suggested that state transport buses should be exempted from paying tolls on highways.

Other news

'This is a violation of fundamental rights', Hindu organization reaches SC challenging the Places of Worship Act, 1991

The All India Sant Samiti has also reached the Supreme Court against the Places of Worship Act. T

The person who fired at Elvish Yadav's house was arrested in a police encounter. The accused was shot in the leg

The police have arrested the accused who opened fire at the Gurugram house of famous YouTuber and

Indira Gandhi's death anniversary: ​​Congress leaders paid tribute to the former PM, Rahul said - Grandma, you taught us...

The Congress party paid tribute to former Prime Minister Indira Gandhi on her death anniversary o

The Raja Saab Teaser Out: Is it a sin or Shah Rukh's love? A new twist of fear and fun in Prabhas' horror comedy

The teaser of Prabhas' upcoming film The Raja Sahab has been released and it has increased the im

Vaishno Devi Yatra postponed, will start again from today; Thousands of devotees stayed in Katra to see their mother

In view of the ongoing alert on heavy rains and landslides by the Meteorological Department, Shri

IPL 2025 Mega Auction: 639 crores spent on 182 players in the mega auction, Pant was the most expensive, a 13-year-old player also became a millionaire

The mega auction of IPL 2025 is over. It was organized in Jeddah, Saudi Arabia. Rs 639.15 crore w

IND vs AUS: Coach Gambhir gets angry about Ponting's statement on Virat, and says- what does Ricky have to do with Indian cricket?

Indian cricket team head coach Gautam Gambhir has criticized former Australian captain Ricky Pont

RR vs KKR: The new rule was finally used in the sixth match of IPL 2025, Rajasthan Royals became the first team

The sixth match of IPL 2025 between Rajasthan Royals and Kolkata Knight Riders on Wednesday becam

Manmohan Singh: Goodbye Manmohan Singh! A phone call that changed the country and the life of the former PM; the story is from 1991

Former Prime Minister of the country Manmohan Singh died on the night of 26 December at around 10

Shilpa Shetty: Shilpa Shetty's statement recorded in the Rs 60 crore fraud case, questioned for several hours by EOW

The Mumbai Police's Economic Offences Wing (EOW) questioned Bollywood actress Shilpa Shetty for a