NHA Broke Toll Tax Collection Record in FY 2022

NHA Broke Toll Tax Collection Record in FY 2022

Tax Collection Record 2022 FY 2021–2022, the National Highway Authority (NHA) amassed the maximum toll revenue of Rs. 35.06 billion under the head toll tax on toll plazas on national highways anmotorways.National highways contributed 21.776 billion rupees to the NHA, while motorways contributed 13.287 billion.NHA Broke Toll Tax Collection Record in FY 2022

Over the course of the last five years, toll booths on national highways and motorways have brought in a total of Rs. 134.32 billion for the National Highway Authority (NHA).

According to official records, Rs. 34.967 billion and Rs. 99.35 billion respectively were collected as tolls on motorways and national highways.

Due to insufficient financial allocations in contrast to real demands, the NHA’s throw-forward has increased to Rs. 1.192 trillion, which is seriously impeding project implementation.

According to official records, the NHA has been requesting funds on an annual basis for the past few years in the range of Rs. 300–350 billion. However, allocations have only been in the range of Rs. 105–120 billion, or less than one-third of the actual demand, leading to significant backlogs in the form of throw-forwards.

The NHA develops and implements road infrastructure projects in accordance with the government’s vision and plan to accelerate the nation’s economic growth. Allocations are proposed in the Public Sector Development Programme (PSDP) in accordance with the financial phasing plan approved by the Central Development Working Party (CDWP) .

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the Executive Committee of.the National Economic Council (ECNEC) while approving project PC-Is, based on the priorities established by the government.

The execution of the projects has been seriously hampered because money was not allocated in accordance with the agreed financial phasing plan and commitments made in the authorization letter issued by the Planning Commission.

 

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