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

Bihar Election Result 2025: From Khesari-Maithili to Jyoti Singh and Ritesh Pandey, know who is ahead and who is behind?

The results of the Bihar Assembly elections are being announced today. Counting of votes, which b

Who is Shikhar Dhawan's foreign bride? When and where will their wedding functions take place? know all details:

Shikhar Dhawan, who has captivated everyone with his presence in cricket, Bollywood, and the host

Budget 2025: Today is the budget of India, one of the fastest growing economies in the world, the market is eyeing 10 figures

The budget of India, one of the fastest growing economies in the world, is coming. Finance Minist

Saudi-Pakistan Defense Agreement: Will Operation Sindoor 2.0 be more difficult for India now? What does this agreement mean? Learn everything.

Pakistan has signed a defense agreement with Saudi Arabia, which states that an attack against ei

PM Modi's Maharashtra visit: Schemes for women and youth launched, foundation of PM Mitra Park also laid

The Prime Minister launched the Acharya Chanakya Kaushal Vikas Kendra Yojana of the Maharashtra G

South Korea Plane Crash: 'Story of two lucky people', what did the survivors of South Korea Plane Crash say? 179 people died in the accident

A major plane crash occurred in Muan City South Korea on Sunday morning. 179 people died in the a

Maharashtra: 'Those who are glorifying Aurangzeb are traitors', statement of Deputy CM Eknath Shinde

Maharashtra Deputy Chief Minister Eknath Shinde has said that those who are still praising Aurang

People were trampled underfoot, women and children were jostled; fans narrated eyewitness accounts of the Bengaluru stampede.

We had come to see our stars. We had bought tickets for the ceremony but could not enter the stad

IND U19 vs UAE U19: Vaibhav Suryavanshi misses out on a double century, fails to break Ambati Rayudu's 23-year-old record

Vaibhav Suryavanshi, the rising star of the Indian cricket team, shows no signs of stopping. This

IND vs ENG: Team India created a record by achieving the target of 133 runs in 12.5 overs, breaking a four-year-old record

India defeated England by seven wickets in the first match of the five-match T20 series. The Indi