Four interstate toll barriers go for Rs 54.98 cr

The auction of four interstate toll tax barriers fetched 22.37% more than the reserve price fixed by the State Taxes and Excise Department in the three south zone districts of Solan, Baddi and Shimla.

“The auctions were held at Shimla and Solan today. The department auctioned the four toll units for Rs 54.98 crore as against the reserve price of Rs 44.92 crore. The last year’s reserve price for these toll units was just Rs 40 crore,” said Pankaj Sharma, Additional Commissioner (South zone), State Taxes and Excise Department.

The auction fetched 34.61% more that the last year’s reserve price in the south zone. The annual auction has paid rich dividends to the department as against the three-year policy,