The revenue from toll road operations is expected to rise by 16-18 percent in the current financial year owing to higher inflation and traffic growth, a report released by CRISIL Ratings on Tuesday stated.
Moreover, in the next fiscal (2024), the revenue will increase but at 9-11 per cent, mainly again from traffic growth, the CRISIL Ratings report, which studied as many as 49 toll road assets across 14 states, said.
“The revenue of toll road operators will soar in fiscal 2023, driven by a high toll rate hike of 10.5 per cent, which is linked to inflation based on the Wholesale Price Index (WPI). The traffic growth at 5-7 per cent will also remain healthy, albeit on a low base of fiscal 2022.
