In keeping with analysts, the rise in collections is on the again of toll charges being hiked from April 1, 2022. Toll charges are linked to the Wholesale value index (WPI) and routinely revised.
In contrast with April 2021, the variety of FASTag transactions elevated by 61.87 per cent whereas the collections rose by 51.93 per cent within the month below assessment.
“The collections witnessed a steep improve in April 2022 given the numerous hike in toll charges within the vary of 8.4 per cent (for initiatives which have components primarily based revision linked with December WPI) and 13 per cent (for initiatives linked to March WPI) with impact from April 1, 2022,” Rajeshwar Burla, Assistant Vice President, Affiliate Head-Company Scores at ICRA informed ET.
|Parameter||April 2021||March 2022||April 2022|
|Variety of transactions||164.32 million||270.41 million||265.98 million|
|Quantity collected||Rs 2776.90 crores||Rs 4,095.30 crores||Rs 4,218.89 crores|
This was a pointy rise in contrast with earlier revisions that have been within the vary of 5-6 per cent.
“The decrease hike (of 8.4 per cent) is for highway initiatives which have been awarded earlier than 2008. These comprise 30 to 35 per cent of all freeway initiatives within the nation,” he added.
Toll assortment via FASTag rose to Rs 38,084 crores in monetary 12 months 2022. The centre had determined that each one lanes within the toll plazas on Nationwide Highways shall be declared as FASTag lane of the payment plaza from mid-February final 12 months.
The Nationwide Funds Company of India (NPCI) has developed the Nationwide Digital Toll Assortment (NETC) program to fulfill the digital tolling necessities of the nation. This has enabled a buyer to make use of their FASTag as cost mode on any of the toll plazas regardless of who has acquired the toll plaza.