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Losses piling up for expressway concessionaire

india Updated: Sep 26, 2012 00:35 IST
Sanjeev K Ahuja

The Punjab and Haryana high court's decision on Tuesday to postpone hearing on the expressway mess till September 28 will mean a huge revenue loss for Gurgaon expressway concessionaire firm DGSCL as well as the National Highway Authority of India (NHAI).

The total revenue loss in terms of toll collection will be around Rs. 10 crore for the 24-day period, from September 4 to September 28.

This is the period during which the court had prohibited toll collection from commuters at the 32-lane Delhi border toll plaza.

Of the three toll plazas on the 27.7-km Gurgaon Expressway, the 32-lane Delhi border toll plaza is the maximum revenue earner for the firm.

It collects toll to the tune of about Rs. 11 crore per month, or about Rs. 40 lakh per day.

About Rs. 6.5 crore or Rs. 22 lakh per day comes from the Kherki Daula toll plaza and a marginal Rs. 60 lakh per year from the IGI Airport loop toll plaza.

The going will get even more difficult for DGSCL as the matter is likely to be referred to the court of Justice Jasbir Singh, who has been grilling the stakeholders concerned during the hearings.

On Tuesday, the case came up for hearing in the court of Justice AK Sikri who had taken oath as the chief justice of Punjab & Haryana High Court on Sunday.

But he referred the matter to another bench and postponed hearing till September 28.

Justice Jasbir Singh had grilled the officials as well as the counsels of the stakeholders for about one-and-half hours on September 20.