NHAI Saves Rs. 2,062 Crore in Cost of Toll Collection in FY 2024-25
The National Highways Authority of India (NHAI) saved ₹2,062 crore in toll collection costs during FY 2024–25, cutting expenses nearly in half compared to the previous year. Here’s a detailed look at how this was achieved: Cost Reduction Breakdown - FY 2023–24 Toll Collection Cost: ₹4,736 crore - FY 2024–25 Toll Collection Cost: ₹2,674 crore - Total Savings: ₹2,062 crore - Percentage Drop: From 17.27% to 9.27% of total toll revenue. Key Reforms Driving the Savings - Close contract monitoring: Ensured tolling agencies adhered to performance and financial benchmarks. - Timely bidding and long-term contracts: Reduced reliance on short-term, high-cost tolling arrangements. - Windfall Gain Clause: Prevented excessive profits by toll collection agencies, ensuring fair remittance to NHAI. - Digital tolling expansion: Increased FASTag adoption and streamlined toll operations, reducing manual overhead. Impact on Highway Operations - Higher efficiency: More toll revenue remitted directly to NHAI. - Improved transparency: Reduced discrepancies between toll collected and remitted. - Enhanced user experience: Faster toll processing and fewer delays at plazas. This milestone reflects NHAI’s commitment to fiscal discipline and digital transformation.
Follow us on Insta
