NHAI takes steps to facilitate availability of FASTags for Electronic Toll Collection; Common Services Centre to set up sale points at Toll Plazas; FASTags can also be purchased online
The calculation assumes annual toll revenue growth of 7-8% and return on equity of 14-16%. Theoretically, Rs 40,000 crore can fund the construction of 2,800 km of four-lane national highways, which would be equal to the execution expected in fiscal 2017, says Crisil Research
Efforts taken by NHAI to address bottlenecks have resulted in increased pace of awarding of new projects and higher execution during FY16. With renewed thrust on infrastructure, road projects are gathering momentum as reflected by increase in award of projects in terms of length by 42% during FY16 vis-à-vis FY15.
The Minister of Road Transport & Highways Nitin Gadkari has fixed a 2.5 times increase in the target for award and construction of National Highways…