From October 1, toll charges at the five entry points of Mumbai, where private firm Mumbai Entry Point Ltd (MEPL) has recovered nearly 40 per cent of its total investment within the first three years, are set to increase for all categories of vehicles as per a schedule decided earlier.
While toll charges for cars and light commercial vehicles will increase by Rs 5 to Rs 35 and Rs 45 respectively, toll rates for trucks and buses, and multi-axle vehicles will jump to Rs 90 and Rs 115 from the existing Rs 75 and Rs 95 respectively.
This is the first increase in toll rates at the five entry points of Mumbai ever since MEPL commenced toll collection as part of the securitised contract in November 2010. These charges will remain constant for three years, after which there will be another revision.
Data obtained under the Right to Information (RTI) Act shows that from November 19, 2010 when MEPL started toll collection, till February 2014, the company has earned a revenue of Rs 863 crore at the five entry points of Mumbai. During the same period, nearly 18.5 crore vehicles have passed through the five entry points of Vashi on the Sion-Panvel Highway, Mulund on the Eastern Express Highway, Dahisar on the Western Express Highway, Airoli and the Lal Bahadur Shastri Marg.
MEPL had secured the toll collection contract for a period of 16 years by paying a securitisation fee of Rs 2,100 crore. In exchange, the firm has to maintain 27 flyovers and allied structures in Mumbai.
The state government has given the Maharashtra State Road Development Corporation (MSRDC) the right to collect toll till November 2027, while MEPL’s concession period of 16 years is scheduled to end in October 2026.
An official from MSRDC, which has given the toll collection contract to MEPL, said, “The MSRDC will, at the end of 2015, conduct a review of the traffic flow, increase in the number of vehicles, total revenue earned, and revenue expected till the end of the contract as against the expected cash flow figures that MEPL had submitted to us. If there is any possibility of incremental revenue, then as per contract, it will be shared equally between MSRDC and MEPL.”