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Toll collection on national highways is likely to fall by 25 to 30 per cent in May over last month as a fall out of the lockdown and restrictions imposed by several states to contain the spread of coronavirus, according to rating agency ICRA. ....
New Delhi [India], May 29 (ANI): Toll collection on national highways is likely to fall by 25 to 30 per cent in May over last month as a fall out of the lockdown and restrictions imposed by several states to contain the spread of coronavirus, according to rating agency ICRA. ....
The second wave of the Covid-19 pandemic has adversely impacted the toll collections again. According to ICRA, despite the lack of a nationwide stringent lockdown or toll suspensions, the regional restrictions imposed in several states, along with the increase in wariness, have negatively affected the movement of peole in the past few weeks. Road traffic had witnessed a marked improvement in H2 FY2021 after subdued traffic witnessed in the initial months of the last fiscal, post resumption of tolling from April 20, 2020. Rajeshwar Burla, Co-Group Head & Vice President, Corporate Ratings, ICRA, said, “With continued rise in number of Covid-19 cases in May 2021 and stringent lockdowns imposed by states to contain the infection, the de-growth in the toll collections has been much sharper in May 2021. The toll collections reduced by around 10 per cent in April 2021 over March 2021 and is estimated to decline by 25-30 per cent in May 2021 over April 2021.” ....
Toll road projects likely to witness low teen revenue growth: ICRA By IANS | Published on Thu, May 27 2021 16:27 IST | 0 Views
Amritsar: Traffic moves smoothly as Goods and Services Tax (GST) came into effect from midnight abolishing Octroi at a tollway plaza near Amritsar on July 1, 2017. . Image Source: IANS News Mumbai, May 27 : The sudden and severe onset of the second wave of the Covid pandemic, has adversely impacted the toll collections again, and the same are on the downward trajectory. As per an ICRA note, despite the lack of a nationwide stringent lockdown or toll suspensions, the regional restrictions imposed in several states, along with the increase in wariness, has negatively affected the people movement in the past few weeks. ....