Cash-hit MCD gets Rs 932-cr bid for toll tax collection
The cash-strapped MCD is all set to earn more revenue with the highest bidder quoting Rs 932 crore for financial bids that were opened to engage a new contractor for toll tax collection.delhi Updated: Apr 30, 2011 23:02 IST
The cash-strapped MCD is all set to earn more revenue with the highest bidder quoting Rs 932 crore for financial bids that were opened to engage a new contractor for toll tax collection.
The highest bidder has quoted Rs 932 crore. This figure is 62.5% more than what the civic agency has been getting at present form the toll tax contractor.
The civic agency had initiated the process for engaging a new contractor for collect-ion of tax as well as upgra-ding and maintaining 121 toll booths at entry points of the city.
Out of the three bidders, one quoted R932 crore. At present, the civic agency gets R563 crore from the contractor for a period of three months.
The term of the present contract expires mid-May.
"Fresh tenders were called by us and the response has been very good. We hope it will help us earn more revenue and allow us to spend the money on carrying out developmental work in the city," said Yogender Chandolia, chairman of the Standing Committee of the Municipal Corporation of Delhi.
There are a total of 121 toll posts, which includes NH8 Rajokri border, Badarpur border, Noida DND, Singhu border (near Narela and) Bahadurgarh border, that comes under the jurisdiction of the civic agency.
The civic body had issued request for proposal from interested developers or toll plaza operators to collect tax from specified commercial vehicles and upgrade, operate and maintain 121 toll booths or posts on Delhi borders.
The MCD had earlier approved a 17-28% hike in the toll tax rates under different categories.
"The new tender will commence from May 16, 2011, and the new rates will be applicable from that time at all toll points within the jurisdiction of Delhi," said a senior MCD
The last time the toll tax rates were increased in the national Capital was in May 2008.