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Home NEWS Maharashtra COVID-19 Toll collections on recovery path; reach 85% of pre-Covid-19 level...

Maharashtra COVID-19 Toll collections on recovery path; reach 85% of pre-Covid-19 level in July: ICRA

Maharashtra COVID-19 Toll collections on recovery path; reach 85% of pre-Covid-19 level in July: ICRAMaharashtra COVID-19

New Delhi: Toll collections throughout National Highways in the nation reached 87% of pre-Covid ranges through the second half of July, indicating encouraging indicators of recovery, ratings agency ICRA mentioned on Monday.

If the degrees of toll assortment is sustained, the general discount in toll assortment might be lower than 10% in FY 2021– a optimistic for asset monetisation program of the National highways constructing authority.

Toll operations throughout National Highways in the nation have been halted on March 24 when the nation went beneath a Covid-19 induced lockdown.

Post the resumption of tolling on nationwide highways from April 20, 2020, the motion of business autos picked up vital tempo during the last three months and has reached close to 90% of pre-covid ranges, ICRA mentioned in a press release. The motion in passenger autos, nonetheless, is but to get well totally.

The unabated rise in Covid-19 infections in the unlock part, localised re-imposition of lockdowns in a number of states, and heavy monsoons in many elements of the nation had interrupted this recovery in the primary fortnight of July, ICRA mentioned.

“Majority of the national highway stretches being arterial routes have 70-75% of toll collections from commercial vehicles, (while) passenger vehicles account for less than a quarter of toll collections,” Rajeshwar Burla, Vice President, Corporate Ratings, ICRA, was quoted as saying in the assertion.

“While 90% of commercial vehicles are back on roads, the passenger vehicle movement is less than 60% of pre-covid levels. Overall, the traffic in 4M FY2021 has rebounded quite well, which is encouraging,” Burla added.

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