India's toll plaza revenue surpasses Rs 70,000 cr in 2024
Published By : Sourav Prakash Das | January 2, 2025 9:21 AM
Share
New Delhi, Jan 2: India’s toll plaza collections have crossed the Rs 70,000 crore mark in 2024, reflecting a significant surge in revenue driven by the expansion of toll plazas and the country’s improving economic conditions.
The growth in daily toll collections can be attributed to several factors, including the establishment of new toll plazas across the nation and an increase in both commercial and personal vehicle traffic.
The introduction of FASTag, a digital toll collection system, has played a key role in streamlining the toll process, reducing wait times, and ensuring faster, more efficient movement of vehicles.
This technological advancement has contributed significantly to the rise in toll revenue, benefiting both commuters and the National Highways Authority of India (NHAI).
With the increased toll income, the NHAI plans to reinvest the funds into the country’s road infrastructure, focusing on enhancing road quality, safety, and expanding the highway network.
Additionally, the surge in toll collections is helping NHAI address its massive debt, which currently stands at ₹3.2 trillion. The authority aims to reduce this debt to ₹3 trillion by the end of fiscal year 2025, further improving financial sustainability.
This boost in toll revenue signals not only the economic growth of India but also the government’s ongoing efforts to upgrade the road transport system, thereby improving travel efficiency and road safety across the country.
Prameya English Is Now On WhatsApp Join And Get Latest News Updates Delivered To You Via WhatsApp
You Might Also Like
More From Related News
PM Modi to inaugurate 13 km section of the Namo Bharat corridor tomorrow
Gang poses as ED officials, Cheats Karnataka businessman of ₹30 Lakh
Google, Whatsapp, Facebook, Instagram, X can open account of below 18yrs age with parent’s consent, delete data in 3yrs: Draft Digital Personal Data Protection Rules 2025!
Remembering Dr. R Chidambaram: The Architect of India’s Nuclear Power
Dead man revives after ambulance hits speed breaker in Maharashtra
New Year's Eve 2024-2025: A Celebration of the Unexpected
PM Modi slams AAP for damaging education and ignoring Yamuna pollution in Delhi
SBI study reveals sharp decline in poverty rates in India
UP man arrested in Pakistan for fiancée: Family members seek MEA’s aid
Odisha's Tableau Proposal Rejected for Republic Day Parade 2025
Republic Day 2025: Ticket sales begin for Parade & beating retreat ceremony
5 Railways athletes to receive Arjuna Awards for 2024
Amit Shah releases 'Jammu Kashmir & Ladakh Through The Ages : A Visual Narrative of Continuities and Linkages’ book
PM Modi condemns terrorist attack in New Orleans: Says it cowardly
Bargarh Road- Nuapada Road New Railway Line: Opening new ways of accessibility across region
Bumrah Takes the Reins: Rohit Sharma Opts Out of Sydney Test, Sparking Captaincy Debate
Reading of Constitution’s Preamble made mandatory in Maharashtra schools on Republic Day
Mamata accuses BSF of facilitating infiltration to destabilise Bengal
Will HC grant bail to ISKCON monk Chinmoy Das in sedition case in Bangladesh? Exclusive Analysis