Kherki Daula may collect toll till 2028

GURGAON: The period during which the expressway concessionaire can collect toll at Kherki Daula is likely to be extended by five more years, from 2023 to 2028.

The concessionaire, Millenium City Expressway’s Private Limited, will complete its agreement in January 2023, but going by the current rate of revenue collection, of Rs 12-13 crore a month, the project is not likely to recover the total loan amount of Rs 1,600 crore. The amount was lent by a consortium of five banks to FINANCE the expressway.

“We have informed NHAI and even brought to the state government’s notice that we are incurring a loss of Rs 2 crore a month. There are several reasons for this. Residents of 31 nearby villages are exempted from paying toll. In addition, revenue collection fell drastically after the Sirhaul toll plaza was shut last year,” said Raghuraman S, CEO of MCEPL.