Toll collections on recovery path; reach 85 per cent of pre-COVID-19 level in July: ICRA

NEW DELHI: Toll collections on highways are on the road to recovery, reaching 85 per cent of the pre-COVID-19 levels in July and if the trend continues the reduction in collections could be below 10 per cent in 2020-21, rating agency ICRA said on Monday.

It said there were encouraging trends in traffic in July and about 85 per cent of ICRA rated toll road projects have debt service reserve greater than or equal to one quarter of debt obligation and are resilient enough to absorb the COVID-19 induced revenue shock.