Yamuna Expressway toll rates to increase from October 1
ROADS & HIGHWAYS

Yamuna Expressway toll rates to increase from October 1

The toll for the Yamuna Expressway will increase from October 1 with Yamuna Expressway Industrial Development Authority (YEIDA) taking a decision to revise the rates across all categories for the first time since September 2022, reported TOI. The revised rates, officials said, are expected to boost daily collections to around Rs 1 crore and the changes will impact both daily commuters and tourists headed for Agra or Mathura. The move comes after Mumbai-based Suraksha Group took over Jaypee Infratech Ltd, which managed the expressway for so long. After the new rates, motorcycles — which previously paid Rs 1.25 per kilometre — will be charged Rs 1.5, a 20 per cent increase. Private cars and other light four-wheelers will face a 13.5 per cent hike, with toll rates rising from Rs 2.6 to Rs 2.95 per kilometre. For light commercial vehicles like small trucks and mini-buses, the rate will go up from Rs 4.15 to Rs 4.6, marking a 10.8 per cent rise. Buses and heavy trucks will see a 10.7 per cent jump, with the toll changing from Rs 8.45 to Rs 9.35. Multi-axle trucks and oversized vehicles will have to pay the maximum toll, with the revised rates now Rs 14.25 and Rs 18.35, respectively. The increase in rates is a part of the resolution plan submitted by Suraksha during the takeover of Jaypee, said YEIDA CEO Arun Vir Singh.The plan was approved by National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT). It includes a provision for such toll hikes every year. The revision of rates was on hold for more than a year. During a YEIDA board meeting on January 29, a proposal tabled to increase the rates did not reach a consensus. The authority had requested a report from Jaypee mentioning its revenue collection and traffic forecasts on the expressway, keeping in mind the upcoming international airport in Jewar. The rates, however, had not seen any changes. Jaypee had constructed the highway in 2012 and had also secured land for developing 30,000 flats in Noida and Greater Noida. However, the company was in financial distress. After a protracted legal battle in NCLT and NCLAT, Suraksha acquired the debt-ridden company in June this year. An annual toll hike was one of the conditions set by Suraksha.

As part of the Ministry of Civil Aviation’s long-term vision, under the 'Viksit Bharat 2047' initiative, Naidu mentioned plans to more than double the number of airports in the country, with the target of reaching 350 airports by 2047, up from the current 157. He highlighted that the government’s regional connectivity scheme, UDAN, has already made 500 routes operational, and efforts are underway to further improve connectivity in remote areas.

Naidu also referenced Prime Minister Narendra Modi’s address on India’s 78th Independence Day, during which the Prime Minister focused on economic modernisation, infrastructure development, and strategic reforms as part of his vision to transform India into a globally competitive, developed nation by 2047, a vision termed 'Viksit Bharat 2047.' The Prime Minister expressed confidence that, through collective effort, India could achieve these developmental goals.

The toll for the Yamuna Expressway will increase from October 1 with Yamuna Expressway Industrial Development Authority (YEIDA) taking a decision to revise the rates across all categories for the first time since September 2022, reported TOI. The revised rates, officials said, are expected to boost daily collections to around Rs 1 crore and the changes will impact both daily commuters and tourists headed for Agra or Mathura. The move comes after Mumbai-based Suraksha Group took over Jaypee Infratech Ltd, which managed the expressway for so long. After the new rates, motorcycles — which previously paid Rs 1.25 per kilometre — will be charged Rs 1.5, a 20 per cent increase. Private cars and other light four-wheelers will face a 13.5 per cent hike, with toll rates rising from Rs 2.6 to Rs 2.95 per kilometre. For light commercial vehicles like small trucks and mini-buses, the rate will go up from Rs 4.15 to Rs 4.6, marking a 10.8 per cent rise. Buses and heavy trucks will see a 10.7 per cent jump, with the toll changing from Rs 8.45 to Rs 9.35. Multi-axle trucks and oversized vehicles will have to pay the maximum toll, with the revised rates now Rs 14.25 and Rs 18.35, respectively. The increase in rates is a part of the resolution plan submitted by Suraksha during the takeover of Jaypee, said YEIDA CEO Arun Vir Singh.The plan was approved by National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT). It includes a provision for such toll hikes every year. The revision of rates was on hold for more than a year. During a YEIDA board meeting on January 29, a proposal tabled to increase the rates did not reach a consensus. The authority had requested a report from Jaypee mentioning its revenue collection and traffic forecasts on the expressway, keeping in mind the upcoming international airport in Jewar. The rates, however, had not seen any changes. Jaypee had constructed the highway in 2012 and had also secured land for developing 30,000 flats in Noida and Greater Noida. However, the company was in financial distress. After a protracted legal battle in NCLT and NCLAT, Suraksha acquired the debt-ridden company in June this year. An annual toll hike was one of the conditions set by Suraksha. As part of the Ministry of Civil Aviation’s long-term vision, under the 'Viksit Bharat 2047' initiative, Naidu mentioned plans to more than double the number of airports in the country, with the target of reaching 350 airports by 2047, up from the current 157. He highlighted that the government’s regional connectivity scheme, UDAN, has already made 500 routes operational, and efforts are underway to further improve connectivity in remote areas. Naidu also referenced Prime Minister Narendra Modi’s address on India’s 78th Independence Day, during which the Prime Minister focused on economic modernisation, infrastructure development, and strategic reforms as part of his vision to transform India into a globally competitive, developed nation by 2047, a vision termed 'Viksit Bharat 2047.' The Prime Minister expressed confidence that, through collective effort, India could achieve these developmental goals.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?