Now, reduced toll rates in Punjab will be applicable to new projects

Chandigarh/May 29
Punjab government on Wednesday approved the revised Toll policy aimed at the rationalization in the toll rates besides enhancing the user acceptability in the state but after the announcement, the state government issued an clarification that these news rate will be applicable to new infrastructure projects.
“As per Revised Toll Policy, minimum road toll charges that could be levied have been reduced by Rs 16 to Rs 15 as compared with Rs 31 earlier. Further, the toll rate for structures (Flyovers or Road over Bridges) will be now linked with the cost of the structure instead of length that will tremendously reduce the toll rates,” said a Punjab government spokesperson.
Apart from this, only 40 percent of the wholesale price index (WPI) will be taken into account while revising the toll rate every year and a fixed component of a 3 percent annual increase has been announced which was 10 percent in earlier policy.
In a statement issued after few hours after the announcement, Punjab government said that “the revised toll rate mentioned in the Press Note would only be applicable to the future infra structure projects bid out after the date of decision i.e. Monday, May 28, 2013.”
Please amend the Press Note accordingly inconvenience is highly regretted.
“Further, Daily Pass validity based on one calendar Day in the existing policy, 24 hour period from the issuance of the toll slip will be considered under new policy and for the frequent users 25 percent discount will be given as compared with present discount of 20 percent,” said the spokesperson, adding that the validity for the Monthly Pass will also be considered valid for 30 days from the date of issuance.
The spokesperson added that Punjab Chief minister approved the new toll policy after a meeting with the officials of Punjab Infrastructure Development Board (PIDB) yesterday.
The Toll Policy of Punjab was notified in 2004-05, under which nine BOT (Built operate & Transfer) and two O&M (operation a& maintenance) road projects and one O&M high level bridge had been completed and made operational through PIDB. The board has also approved various Roads, ROBs and High level bridges projects worth Rs. 3448 crore that included eleven major road BOT projects of total 567Km length to be constructed at a cost of Rs. 3200 crore.