Reductions in toll collection for NH projects likely to be 5-7% in FY21: Icra

NEW DELHI : Toll collections have witnessed a marked improvement on the back of an increased movement of both passenger and commercial vehicles, which picked up significantly over the last three months thereby surpassing the pre-COVID-19 levels, rating agency Icra said on Tuesday.

The government’s step by step unlocking measures and relaxations, starting Unlock 3.0 from August onwards has been the inflexion point for toll collections, it said.

“Further, in Unlock 4.0 the states could no longer impose lockdowns and border sealing was not permitted. This along with festive season supported the growth in toll collections, peaking at 16% on y-o-y basis in October 2020 implying a traffic growth of around 12%. In November, the toll collections have further witnessed a 10% y-o-y growth which has sustained in the first week of December 2020,” Icra said in a statement.