Tuesday morning lakhs of motorists got up with a heartening news that the Maharashtra State Road Development Corporation (MSRDC) has decided to increase the toll fees of the Mumbai-Pune Expressway from April 1. This Corporation decided on the increase of the toll tax soon after it gave the toll collecting contract to IRB Infrastructure Developers.
As per new toll rates, toll for cars will increase from Rs 230 to Rs 270. For mini buses it will raise from Rs 355 to Rs 420, for trucks and heavy axle vehicles, it will increase from Rs 493 to Rs 580. Bus drivers will have to shell out more as the rates have been increased from Rs 675 to Rs 797 while large trucks will attract a tax rate that will vary from Rs 1,165-1,555 to Rs 1,380 to Rs 1,835.
As per the report, IRB to pay MSRDC upfront Rs 6500 Crores and a further staggered payment of Rs. 850 Crores in year 2, Rs 850 Crores in year 3 and Rs 62 Crores in year 4, aggregating to Rs 8,262 Crores for Sub-Concession Period of 10 years and 2 months.