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
IMD issues 'Orange Alert' for Prayagraj amid Maha Kumbh Mela, predicts rain and fog
Air India Express launches direct flight from Patna-BBSR
Consumption of Alcohol by wife not cruelty to Hubby, rules Allahabad High Court
Knife removed from Saif Ali Khan's spine, Actor is out of danger: Doctors
PM Modi congratulates ISRO for successful space docking of satellites
Cabinet approves establishment of 3rd Launch Pad
Modi govt gives nod to 8th Pay Commission, Minimum salary to rise to 41k from 18K before West Bengal, UP Elections! EXCLUSIVE
Union Cabinet approves 8th Pay Commission
Maha Kumbh 2025: 2.5-yr-old 'Kunj Baba' showcases extraordinary symbol of faith & devotion
4 Maoists carrying bounty of Rs 32 lakh surrender in Chhatisgarh
Lord Jagannath and Mahakumbh Mela's secret link: Kumbh scholar reveals 100 year connection between Puri and Prayag
India in select four along with US, Russia and China, after successful Space Docking
'Kumbh Me Nahi Bichdenge': Jharkhand sisters tie their bangles with ribbon in Kumbh Mela
PM Modi avoids hotels during foreign trips, stays at airport terminals; know the real reason
Maha Kumbh 2025: Kaante Wale Baba captivates crowd by lying on thorns
Maha Kumbh Mela: Re 1 ‘Kumbh Tax’ imposed during British Era
Meet"Computer Baba" – The tech-savvy saint of Maha Kumbh Mela 2025
Mandatory Colour-Coded Stickers for Vehicles across India: Supreme Court
India Pavilion at Heimtextil 2025 inaugurated at Frankfurt, Germany
137 Kumbh special trains to Prayagraj operationalized