Farmer protests cause Rs 600 crore loss in toll collections; Rs 9,300 crore debt at risk
A total of 52 toll plazas, including both public-funded and BOT (built, operate and transfer), on national highways (NHs) in Punjab, Haryana and Delhi-NCR have been directly or indirectly affected due to farmers protests
PTI | January 29, 2021 | Updated 23:10 IST
The ongoing agitations by farmers in the national capital region (NCR), Haryana and Punjab will cause a Rs 600-crore loss to toll collections, a report said on Friday. Apart from the impact on toll collection due to restrictions in vehicular movement, there is also a debt of over Rs 9,300 crore taken by the stakeholders which is at risk , ratings agency Icra said in the report.
›Farmer agitations cause Rs 600 crore loss on toll collections; Rs 9,300 crore debt at risk: Report
Farmer agitations cause Rs 600 crore loss on toll collections; Rs 9,300 crore debt at risk: Report
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Farmer agitations cause Rs 600 crore loss on toll collections; Rs 9,300 crore debt at risk: ReportPTI
Last Updated: Jan 29, 2021, 10:34 PM IST
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Synopsis
While the impact on fee collection at some toll plazas began from October 2020 onwards, the same has intensified to no fee collection with the free movement of vehicles at all toll plazas in Haryana, Punjab and Delhi-NCR since December 12, 2020.
Farmers have been agitating in several north Indian states demanding a repeal of three new farm laws, which were passed by Parliament.
MUMBAI: The ongoing agitations by farmers in the national capital region (NCR), Haryana and Punjab will cause a Rs 600-crore loss to toll collections, a report said on Friday.
Apart from the impact on toll collection due to restrictions in vehicular movement, there is also a debt of over Rs 9,300 crore taken by the stakeholders which is at risk , ratings agency Icra said in the report.
Farmers have been agitating in several north Indian states demanding a repeal of three new farm laws, which were passed by Parliament.
Assuming that protests would subside by February, the agitations are likely to result in a steep decline of around 30-35 per cent in toll collections in the affected states in 2020-21, it said. It is compared with a 5-7 per cent decline for the rest of India, which is attributable to the pandemic, the report added.
Read more about Need to increase capital outlay in road sector by at least 15%: Icra on Business Standard. Rating agency ICRA on Wednesday said there is a need to increase capital outlay in the road sector by at least 15 per cent besides expediting asset monetisation programme.
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