Tuesday, April 10, 2012

Plan panel tweaks toll to favor developer

Plan panel tweaks toll to favor developer .
Wednesday, 21 March 2012 00:27 J Gopikrishnan New Delhi.

Ignoring the directions of Supreme Court’s Monitoring Committee and overruling strong objections from Planning Commission Members, the plan panel has approved a 1.5-time increase in toll rates for Eastern Peripheral Expressway.The implementing agency of WPE, also known as KMP (Kundli-Manesar-Palwal) is the Haryana Government-run HSIIDC. The developer of this expressway is DSC Limited, owned by HS Narula and MS Narula. The construction started on 2007 and was supposed to be completed by 2010. But till date only 60 per cent of work has been completed, and it may take three more years for fruition. The toll rate of a car fixed for WPE is Rs 170.

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