Free Press Journal

Demonetisation: Rs 138 crore loss estimate from Toll Plazas


Panipat: Vehicles stuck at a toll near Panipat on Wednesday as demonetized notes of Rs 500 and 1000 were not accepted by the toll employees. PTI Photo (PTI11_9_2016_000091B)

Mumbai: The government has extended shut down on toll collection across National Highways till December 2, after the deadline for the same lapsed last night.

Earlier on November 9, a day after the Central Government announced demonetisation of Rs 500 and Rs 1000 in India, the government has stopped toll collection across toll plazas due to lack (shortage) of change.

In the last fortnight, there is an estimated loss of Rs 138 crore due to no toll collection. The contractor wants their losses from government. Now there are two ways in front of government, either they increase toll tax or govt should pay for it. It is also mentioned in contract letter between government and toll contractor that if any circumstances the toll were closed, than the loss is paid by the government.

Must Read: Govt extend toll exemption till Dec 2; to accept old Rs 500 notes till Dec 15

The demonetisation decision was taken by the Prime Minister Narendra Modi was well paid. But contractor also have to pay some compensation. However, there would be less likely to suffer damage to roads being created out of debt financial institution. Meanwhile, from November 9, the toll has losses compensation upto Rs 1.5 million, said public work department personal.

Also Read: Oppn could have lauded demonetisation, had it got 72 hrs time, says Modi

Currently, the state department of public works are working on new toll plaza 27 and 26 in Maharashtra was total 53 new tolls. The daily average from construction toll of Rs 1.5 crore and Mahamandal toll check post collected Rs 4.5 crore so till December 1, it will reaches to Rs 138 crore. If toll amount will increases then this total amount will also increase automatically, said by source.