Freight transportation cost has gone up by Rs 4,000 crore annually thanks to the long queues at toll plazas across the country.
A report by the ministry of road transport and highways reveals that on Delhi-Mumbai highways the average speed of vehicles is 17 km/hour. At that speed it takes about three days to cover a distance of 1,380 km.
The annual cost,due to such delays,to the economy has increased to Rs 40 billion (Rs 4,000 crore) compared to Rs 30 billion (Rs 3,000 crore) in 2008-09, said the report.
The Transport Corporation of India had commissioned a joint study with IIM-Calcutta to assess the efficiency of freight transportation by road in 2008-09 followed by a sequel in 2011-12.
The study also reveals that Indias road freight volume is increasing at a compounded annual growth rate of 9.08 per cent,the number of vehicles at 10.76 per cent but roads are increasing at 4.01 per cent.