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Expressway Firm Collected Rs 580 Cr in Over 3 Years

  • An RTI reply has revealed that the private developer of the Delhi-Gurgaon expressway has collected at least Rs 580 crore in the form of toll in the three and a half years after the project became operational.The NHAI, in the RTI reply, has stated that the developer, Delhi-Gurgaon Super Connectivity Ltd (DGSCL), earned maximum revenue from the 32-lane plaza which processes at least 1.9 lakh passenger car units (PCUs) per day.Between January 2008 and August 2011, the developer had collected Rs 359 crore from this toll plaza whereas at the Kherki Dhaula toll plaza it collected Rs 218 crore and another Rs 5.3 crore at the IGI plaza. The 27.7-km expressway project has been built on build operate and transfer model with an investment of Rs 555 crore (as per the concession agreement).
  • But the developer has been maintaining that due to change of scope of work and cost escalation, the investment stood at Rs 1,100 crore. Even NHAI officials said that there is no concrete evidence of the concessionaire recovering its investment in the form of toll revenue."The developer has to pay interest of 10.5% annually to the financiers and also has to maintain the road besides spending for the operational purpose of the stretch," said an official involved in BOT projects.

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