Compare Listings

Kherki Daula toll shift: Concessionaire to study traffic volume, revenue loss at new site

Kherki Daula toll shift: Concessionaire to study traffic volume, revenue loss at new site

MCEPL, which is owned by a consortium of banks, has expressed reservations over the proposed shifting of the Kherki Daula toll beyond Saharanwas as it could impact the revenue collection of the concessionaire, which has to return almost 1200 crores to the banks.

In a major development, the National Highways Authority of India (NHAI) has given permission to the Delhi-Gurgaon Expressway concessionaire to conduct a study to assess traffic volume at Saharanwas village near Manesar where the Kherki Daula toll is proposed to be shifted. The study will also look at any loss in revenue due to the shift.

The concessionaire, Millennium City Expressways Private Limited (MCEPL), will conduct the week-long study, a senior NHAI official said.

He also said once the toll study is over, the report will be submitted to the NHAI by the concessionaire. It is to be noted that MCEPL, which is owned by a consortium of banks, has expressed reservations over the proposed shifting of the Kherki Daula toll beyond Saharanwas as it could impact the revenue collection of the concessionaire, which has to return almost 1200 crores to the banks.

The site proposed for the new toll plaza is Saharanwas on Delhi-Jaipur Expressway. It is located around 12km from the existing Kherki Daula toll plaza and is around 2.5km from NSG complex in Manesar.

“The concessionaire has been given permission to conduct a toll study from September 25 to October 1. This study is being done to find out exactly what the volume of traffic passing through that point will be and to figure out any loss in revenue that could happen when the toll is shifted from Kherki Daula to Saharanwas,” said Ashok Sharma, project director, Delhi-Gurgaon Expressway.

The NHAI has also sought 42 hectares in Saharanwas to build a toll plaza building as the present one in Kherki Daula will become defunct once the toll is shifted.

“The Gurgaon administration is looking into the ownership and feasibility of the land in Saharanwas and, once the modalities are completed, the land is most likely to be shifted to the NHAI. The land which is with the government would be transferred while private land, if needed, would have to be acquired,” Sharma said.

 

source: hindustantimes

 

img

Axiom Landbase

Related posts

M3M Records 500 Crores Of Sales Within 14 Days Of The Launch Of ‘Port Your Property’ Campaign

M3M Group in association with PYP introduces a campaign redefining the rules of Indian Real...

Continue reading
by Axiom Landbase

M3M buys 25-Acre Land on Gurugram Golf Course Extension Road for Housing Project

Realty firm M3M India Ltd has acquired 25 acres of land in Gurugram, Haryana for around ₹250...

Continue reading
by Axiom Landbase

M3M delivers 8 real estate projects in a span of 3 months with a total of 30 lakh sqft area

With the latest announcement of delivery of its five marquee projects - M3M Sierra, M3M Natura, M3M...

Continue reading
by Axiom Landbase

ENQUIRE NOW