With the commissioning of Yamuna Expressway,the toll regimen will be made applicable on Noida-Greater Noida Expressway as well.
The Yamuna Expressway is set to be operational soon and toll plazas are now being installed along the route.A notification has already been issued for this purpose.But there is uncertainty whether toll tax will be imposed on Noida-Greater Noida Expressway.
Sources in the authority say that with the commissioning of Yamuna Expressway,the toll regimen will be made applicable on Noida-Greater Noida Expressway as well.JP Group,a construction company,will pay the cost of its construction to the Noida Authority as per the terms and conditions of the agreement.
Under the agreement,the JP Group will receive the toll tax for the next 36 years on the expressway.An agreement for this was signed by JP Group in 2003.It was based on the offers invited from interested parties of national and international repute for preparation of a techno-economic feasibility report (TEFR) and a detailed project report (DPR).
The concessionaire will be entitled during the concession period to collect toll fees from users of the expressway at each toll plaza.Such fee shall,however,not exceed the fee as notified by a state government.The location of the toll plazas will be decided by the concessionaire.
According to the MoU,at the time of commissioning of the Yamuna Expressway,Noida-Greater Noida Expressway will also be handed over to JP Group.
With the commissioning of Yamuna Expressway,users of this highway will have to pay toll tax and simultaneously a toll tax will become applicable on use of Noida-Greater Noida Expressway as well.To collect the toll tax,out of five plazas,one is being constructed near Kundli on the expressway,
which will ultimately be made into an eight-lane expressway against the present six-lane one.
The Noida and Greater Noida authorities jointly constructed the 23kmlong Noida-Greater Noida Expressway in 2000,at a cost of Rs 18 crore.The rates of toll tax on the expressway have already been decided along with the toll tax rates on Yamuna Expressway.Toll tax will be payable on the interchange and over bridges.
Commuters will have to pay toll tax at four places from Noida to Agra.Each plaza will receive toll tax for its own segment only,officials clarified.The area under development and parallel to the Yamuna Expressway has a lot of potential to emerge as a preferred destination for thousands of families who wish to buy their homes here.The Yamuna Zone is gearing up to provide residents with all the required social infrastructure and facilities.
