Coming £The annual 3,000-square card will benefit from frequent private commuting but revenues of toll operators by 4-8%, she reported on Wednesday in the report.
On the basis of the concession agreement, it may be necessary to compensate for the timely completion and implementation of the compensation framework, Crisil said.
Meanwhile, it is expected that the credit risks profiles of tolls with the evaluation of Crisil will maintain stable, supported by adequate coverage of cash flows, she said it quoted assessment of 40 operating tolls.
The annual pass will be applicable from August 15 for private vehicles – Cary, deliveries and jeeps. Pass will cover up to 200 trips or year from the date of activation (depending on what is before). Currently, this passage will be applicable to the national highways and the national highways.
Savings ahead
Based on Crisi assessment, a private vehicle is usually paid £Currently 70-80 per journey. Annual card, if used for all 200 trips, effectively translates savings of up to 80% or £55-65 on the road.
Anand Kulkarni, Director, Crisel Ratings, said: “private vehicles make up 35-40% of the overall traffic on the sections in our sample. In terms of revenue, the share is 25-30% lower.
Assuming that a third of these vehicles buy an annual card, the revenues of toll operators will be affected by 4-8%. Maybe it will be necessary to compensate. Early completion of the SWIFT compensation and implementation mechanism will strengthen the confidence of the private sector that plays a key role in financing the growth of the sector. ”
Likely to be delayed
The compensation process will include consultations with participating parties and completion of ways that could lead to some delay.
Saine with Kathawala, associated director, Crisil Ratings, said. “The credit profiles of our nominal toll road projects are expected to resist the potential timing mismatch between the implementation of the annual passage and the completion of the compensation mechanism. If there is a six -month delay in receiving the first compensation and a third of private vehicles for annual card, it will have a minimum impact.
The shift to the annual card would include another process of obtaining compensation from the Indian National Motorway Office (NHAI), implementation agencies, to the current process of collecting tolls in real time from users.
The robust payment record of Nhai, as seen in the case of annual projects, will alleviate the risk of counterparty.
(Tagstotranslate) annual pass Fastag
