Demonetisation pinch: Road companies await toll refund from govt

L&T, Gammon & others were promised reimbursement of toll lost during note ban

Amritha Pillay  |  Mumbai 

Most road companies are still awaiting full compensation for the revenue lost and cost incurred over the 23-day toll payment exemption after the Union government decided on demonetisation. It was November 8 when the government said it was disallowing all Rs 500 and Rs 1,000 notes. There was chaos at highway toll booths and the government decided to exempt payments, for another 23 days. Six months since, the companies say they are still awaiting full compensation for the toll they forwent. “The average toll collection per day is Rs 51.59 crore from the fee plazas under ...

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Demonetisation pinch: Road companies await toll refund from govt

L&T, Gammon & others were promised reimbursement of toll lost during note ban

L&T, Gammon & others were promised reimbursement of toll lost during note ban Most road companies are still awaiting full compensation for the revenue lost and cost incurred over the 23-day toll payment exemption after the Union government decided on demonetisation. It was November 8 when the government said it was disallowing all Rs 500 and Rs 1,000 notes. There was chaos at highway toll booths and the government decided to exempt payments, for another 23 days. Six months since, the companies say they are still awaiting full compensation for the toll they forwent. “The average toll collection per day is Rs 51.59 crore from the fee plazas under ... image
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