Ad
Ad
Indian roads face toll hikes as 26,700 km of road assets are monetized. Toll revenues target ₹1.3 trillion by 2030, a 15% annual growth.
In a bid to generate revenue for infrastructure development and maintenance, the Indian government is set to monetize approximately 26,700 km of road assets. The focus will be on highways with four or more lanes, excluding certain sections that are operated by the private sectors. While this move is aimed at supporting the country's infrastructure, it comes with a potential downside for road users – an increase in toll charges.
The concept of pay-and-ride on Indian roads has been gaining momentum, exemplified by the recent inauguration of the Atal Setu, also known as the Mumbai Trans Harbour Link. This 22-km bridge connecting Mumbai to Navi Mumbai imposes a toll of ₹250 for a one-way journey. This development signifies a broader trend in the country, where toll charges are becoming a significant source of revenue.
The bulk of India's road toll revenues mostly come from national highways. The figures have seen a substantial increase from ₹17,759 crore in the fiscal year 2015-16 to ₹48,028 crore in 2022-23. Union Minister for Road Transport, Nitin Gadkari, has revealed that the government has ambitious plans for the sector, aiming for revenues of ₹1.3 trillion by 2030. This target reflects an average annual growth rate of 15%, showcasing the government's commitment to developing and maintaining robust road infrastructure.
Also Read: Deliveries of Tata Punch EV Starts Across India
While the monetization of road assets holds promise for enhancing the infrastructure, it brings to light the increasing burden on the road users through toll charges. As more road projects undergo monetization, it is crucial for the government to strike a balance between revenue generation and ensuring the affordability and convenience of transportation for the citizens. As the toll booths multiply across the country, the impact on commuters and the overall economy remains a topic of keen observation and discussion.
Ad
Ad
iVoomi Launches JeetX ZE e-Scooter, with 170 km of Max Range
iVoomi launches JeetX ZE electric scooter, featuring sleek design, customizable battery options (2.1kWh, 2.5kWh, 3.0kWh), advanced safety features, dynamic ride experience, and competitive market positioning.
08-May-2024 07:18 AM
Read Full NewsiVoomi Launches JeetX ZE e-Scooter, with 170 km of Max Range
iVoomi launches JeetX ZE electric scooter, featuring sleek design, customizable battery options (2.1kWh, 2.5kWh, 3.0kWh), advanced safety features, dynamic ride experience, and competitive market positioning.
08-May-2024 07:18 AM
Read Full NewsKTM Unveils 990 RC R Prototype, Set for 2025 Release
KTM's 990 RC R prototype, a successor to the limited RC 8C series, poised for a 2025 launch, promises groundbreaking design, potent performance, and enhanced ergonomics, aiming to redefine the sports bike segment.
08-May-2024 06:20 AM
Read Full NewsKTM Unveils 990 RC R Prototype, Set for 2025 Release
KTM's 990 RC R prototype, a successor to the limited RC 8C series, poised for a 2025 launch, promises groundbreaking design, potent performance, and enhanced ergonomics, aiming to redefine the sports bike segment.
08-May-2024 06:20 AM
Read Full NewsMaruti Cars Discount in May 2024: From Swift and Alto K10 to Maruti S-Presso; Check Best Offers Below
May 2024 brings enticing discounts on Maruti models except the Ertiga. From the outgoing Swift to the reliable Wagon R, customers can enjoy significant benefits on various models. With cash discounts and exchange bonuses available, it's an ideal time to make your dream of owning a Maruti a reality. Visit your nearest Maruti Suzuki Arena dealership for city-specific offers.
07-May-2024 10:07 AM
Read Full NewsMaruti Cars Discount in May 2024: From Swift and Alto K10 to Maruti S-Presso; Check Best Offers Below
May 2024 brings enticing discounts on Maruti models except the Ertiga. From the outgoing Swift to the reliable Wagon R, customers can enjoy significant benefits on various models. With cash discounts and exchange bonuses available, it's an ideal time to make your dream of owning a Maruti a reality. Visit your nearest Maruti Suzuki Arena dealership for city-specific offers.
07-May-2024 10:07 AM
Read Full NewsElectric Two Wheeler Sales in April 2024 | Massive MoM Decline
Get insights into the Electric Two Wheeler Sales in April 2024, witnessing a substantial Month-over-Month drop. Stay ahead of the curve with our comprehensive analysis.
07-May-2024 07:50 AM
Read Full NewsElectric Two Wheeler Sales in April 2024 | Massive MoM Decline
Get insights into the Electric Two Wheeler Sales in April 2024, witnessing a substantial Month-over-Month drop. Stay ahead of the curve with our comprehensive analysis.
07-May-2024 07:50 AM
Read Full NewsKia EV3: Electric Sub Compact SUV Teased Ahead of Debut; All Details Here
Kia Motors is gearing up for the global debut of its latest electric SUV, the Kia EV3, on May 23, 2024. Positioned below the flagship EV9, the EV3 promises a modern design language with signature "Star Map" lighting. Built on the E-GMP platform, it features a skateboard architecture for a spacious interior. Kia aims to enhance accessibility to electric mobility with the EV3.
07-May-2024 07:34 AM
Read Full NewsKia EV3: Electric Sub Compact SUV Teased Ahead of Debut; All Details Here
Kia Motors is gearing up for the global debut of its latest electric SUV, the Kia EV3, on May 23, 2024. Positioned below the flagship EV9, the EV3 promises a modern design language with signature "Star Map" lighting. Built on the E-GMP platform, it features a skateboard architecture for a spacious interior. Kia aims to enhance accessibility to electric mobility with the EV3.
07-May-2024 07:34 AM
Read Full NewsBajaj CNG Bike To Launch On June 18, BluePrint Leaked
Bajaj Auto, known for innovation, is set to launch the world's first CNG bike on June 18. Recent insights into its design showcase Bajaj's commitment to sustainable urban mobility.
07-May-2024 07:30 AM
Read Full NewsBajaj CNG Bike To Launch On June 18, BluePrint Leaked
Bajaj Auto, known for innovation, is set to launch the world's first CNG bike on June 18. Recent insights into its design showcase Bajaj's commitment to sustainable urban mobility.
07-May-2024 07:30 AM
Read Full NewsAd
Ad
BMW M4 Competition
₹ 1.53 Cr
Isuzu V-Cross
₹ 21.20 - 30.96 Lakh
Force Motors Gurkha
₹ 16.75 - 18.00 Lakh
Skoda Kushaq
₹ 11.99 - 19.79 Lakh
Skoda Slavia
₹ 11.63 - 18.83 Lakh
MG RC6
₹ 18.00 Lakh
Mercedes-Benz EQA
₹ 60.00 Lakh
Lexus UX
₹ 40.00 Lakh
Toyota Corolla Cross Facelift
₹ 35.00 - 45.00 Lakh
Audi A3 2023
₹ 35.00 Lakh
Ad
Ad
Ad