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

GST 2.0 rates came into effect today, what will be the benefits and impact? Understand in 10 points.

A major change has been implemented in the Goods and Services Tax (GST) from today. The new GST r

'We made a profit of Rs 280 crore', now Pakistan Cricket Board makes a big claim after the embarrassment in Champions Trophy.

The Pakistan Cricket Board has claimed that it has made huge profits from hosting the Champions T

'Take concrete steps instead of making hollow claims', Rahul Gandhi spoke to Amit Shah; also took information from CM Omar Abdullah.

Leader of Opposition in Lok Sabha Rahul Gandhi said on Wednesday that he has spoken to Home Minis

T20I World Cup 2026: When will the Indian T20I World Cup team be announced? The date has been revealed.

The complete schedule for the T20 World Cup, to be co-hosted by India and Sri Lanka next year, ha

Avengers: Doomsday Teaser Out: After a long wait, Chris Evans returns as Steve Rogers, and the powerful teaser for 'Doomsday' has been released.

The craze for Marvel Universe films is not limited to overseas audiences; it's also incredibly po

Shibu Soren: 'Shibu Soren was a strong voice of the poor and tribals, ' PM Modi said on the death of JMM founder

Former Jharkhand CM Shibu Soren passed away on Monday morning. Shibu Soren breathed his last at S

PM Modi Mahakumbh: Today PM Modi will take a dip in the holy confluence, will visit the fair

Prime Minister Narendra Modi will visit the Maha Kumbh Mela in Prayagraj today. After taking a di

Devara: Junior NTR had the idea of ​​casting Saif as a villain in Devara, which will be released on September 27

There is always some medium to reach a character. Junior NTR became that medium for actor Saif Al

Champions Trophy 2025: Former Pakistani cricketer targeted ICC, said- they will do whatever Jay Shah says

Former Pakistan cricket team cricketer Basit Ali has recently made a big statement about India's

Manipur Violence: A child was shot in the knee, and when not satisfied, his eyes were gouged out; the postmortem report revealed

Six people who were kidnapped in the violence-hit Jiribam district of Manipur were brutally kille