Toll collections are likely to grow 14-15 per cent in 2021-22, rating agency Icra said on Thursday maintaining stable outlook for the Indian road sector.
Toll collections witnessed a marked improvement on the back of increased movement of both passenger and commercial vehicles, which has picked up significantly over the last three months, thereby surpassing the pre-COVID-19 levels, it said.
“In FY2022, the traffic is expected to increase by 5 per cent and toll rates (WPI linked) by 3-4 per cent resulting in an overall increase in toll collections by 14-15 per cent on a low base in FY2021 (given the impact of toll suspension in first 20 days of April 2020), Icra said in a statement.
