Yeida defers decision on proposal to hike toll on Yamuna Expressway
The board had several doubts about the proposed hike and thus directed the concessionaire to clarify whether the cost of the expressway will be recovered during the 36-year concession period
The Yamuna Expressway Industrial Development Authority (Yeida) has deferred the proposed hike in toll rates on the 165km Yamuna Expressway and directed the toll operator to submit a report on toll collection revenue and also traffic projections in view of Noida international airport becoming operational by end of 2024, officials in the know of the matter said.
The expressway concessionaire has been demanded a hike in toll rates, they added.
Yeida officials a decision on hiking the toll will be taken only on the basis of revenue collection and traffic projection report.
“Jaypee Infratech Limited (JIL), the concessionaire of the expressway, has proposed about 10% increase in toll rates for different categories of vehicles. In the Yeida board meeting on January 29, this proposal was discussed but the board did not take any decision. Instead, it directed JIL to submit the toll collection revenue and traffic projection report. Once the report is received, we will decide whether a toll hike will be justified or not,” said Arun Vir Singh, chief executive officer of the Yeida.
The JIL has proposed increasing the per kilometre toll rates for two-wheelers from ₹1.25 to ₹1.50, for cars and SUVs from ₹2.65 to ₹2.95. The proposed increase for light commercial vehicles is from ₹4.15 to ₹4.60, and for buses and trucks, from ₹8.45 to ₹9.35.
For heavy vehicles and multi-axle vehicles, the proposed per km hike is from ₹12.90 to ₹14.25, and for vehicles having seven axles, from ₹16.60 to ₹18.35.
The Yeida may discuss and decide the toll hike in the next board meeting on February 26, 2024, said officials.
“The board had many doubts and thus directed the concessionaire to clarify whether the cost of the expressway will be recovered during the 36-year concession period. The board has also sought a report from the concessionaire on the present traffic volume compared to the forecast regarding how many vehicles will pass through the expressway. The board sought the traffic projection report because when the Noida airport becomes operational by end-2024, the traffic volume on the expressway will increase and result in more profits for JIL,” said a Yeida official, asking not to be named.