NICE Road toll hiked after a gap of five years

The toll for the peripheral and link roads that form NICE Road in Bengaluru will go up from July 1 onwards, Nandi Economic Corridor Enterprises Limited said in a statement on Wednesday.

This is the first revision in the toll in five years and was necessitated by the rising expenses, the company said. The toll hike ranges from 10% to 20%.

Stating that while the concession agreement provides for revising the toll every year, the company said it didn’t hike the charges in the last five years considering inflation and the pandemic.

The company also claimed that the toll on NICE Road would continue to be lower than the “actual rates we are entitled to collect under the framework agreement and the toll concession agreement”.