NEW DELHI: Delays at toll plaza, additional fuel consumption on account of bad roads and frequent halts are among the main reason that has resulted in the country incurring a loss of Rs 1.4 lakh crore, according to a joint study carried out by logistics firm Transport Corporation of India (TCI) and IIM-Kolkata.
“According to the estimates, the cost of delay was US $ 6.6 billion (Rs 44,220 crore) per year and the cost of additional fuel consumption due to delay was US $ 14.7 billion (Rs 98,490 crore) per year,” says a report released by road transport minister Nitin Gadkari on Tuesday.
The study was conducted in 2014-15 and covering road freight transportation along 28 key routes in the country. “If the average statistics for the 28 major routes surveyed approximately represent the national average, it may be inferred that while average stoppage delays per km have remained almost the same as in 2011-12, average stoppage expenses per tonne-km worsened during the same period. The average contribution margin improved in 2014-15,”the study states.
The report also found that for routes covering the eastern and north-eastern parts of the country, average vehicle speeds were lower and average stoppage delays were higher than the corresponding national averages due to poor road conditions, more stops, long queues, delays at border check posts and on-road police intervention.
First Published: Jun 08, 2016 12:17 IST