Union Minister Nitin Gadkari declared that the government will introduce a new toll policy before April 1, 2025. This policy aims to provide reasonable concessions for consumers, addressing long-standing concerns about toll charges while ensuring the sustainability of road infrastructure funding.
Gadkari emphasised that the new policy will focus on making toll charges more manageable for everyday commuters. By offering concessions, the government aims to alleviate some of the financial pressures associated with using national highways. The announcement comes on the heels of a remarkable 35% increase in toll collection, which reached an impressive Rs 64,809.86 crore in the fiscal year 2023-24. This growth highlights the increasing reliance on toll revenues to fund infrastructure projects across India.
The new toll policy aligns with broader government initiatives to enhance India's road infrastructure. Gadkari mentioned ongoing projects worth Rs 3 lakh crore, aimed at constructing four-lane and six-lane highways, as well as bridges over major rivers like the Brahmaputra. One of the exciting features of the upcoming policy is the potential introduction of an annual pass system, which could replace traditional toll collection methods. This system is expected to streamline operations and provide greater convenience for frequent highway users.
Gadkari also discussed plans to strengthen the rural economy by reducing dependence on fossil fuels and promoting biofuel production. He envisions a future where farmers contribute not only as food providers but also as energy suppliers. The minister acknowledged past grievances regarding toll rates and placement of toll plazas, promising that the new policy would resolve these issues and eliminate debates surrounding toll charges.
Nitin Gadkari's announcement of a new toll policy is poised to be a game changer for Indian commuters, providing much-needed relief while ensuring continued investment in road infrastructure.