2 days ago
India Highway Toll Collections May Rise 12% in FY28
A report says India may collect more money from highway tolls in 2027-28.
The increase could be between 10% and 12%.
Toll collections may grow more slowly in 2026-27 because traffic and toll-rate increases are expected to be weaker.
Highway traffic is expected to grow by about 4.5% to 5.5% in that year.
Traffic growth is linked to activity in construction, mining and manufacturing.
Higher toll-rate revisions are expected to help collections the following year.
The government is expected to build about 9,000 to 9,500 kilometres of roads in 2026-27.
It may also award more road projects and encourage private companies to participate in toll-based projects.
ICRA expects national highway toll collections to grow 10-12% in 2027-28.
Growth is forecast to moderate to 7-9% in 2026-27 from 10% in 2025-26.
National highway traffic growth is projected at 4.5-5.5% in 2026-27, down from 6% in 2025-26.
Higher toll revisions in 2027-28 are expected to support collections, alongside stable traffic growth of 4-5%.
Road execution is expected to remain at 9,000-9,500 km in 2026-27, while awards may rise to 8,000-8,500 km.
- Who
- ICRA issued the forecast; the Ministry of Road Transport and Highways is referenced regarding road execution and awards.
- What
- National highway toll collections are forecast to grow 10-12% in 2027-28, after slower growth in 2026-27.
- Where
- India, across its national highways.
- When
- The forecast covers financial years 2026-27 and 2027-28; the report was cited on Monday.
- Why
- Higher toll-rate revisions and stable traffic growth are expected to support collections in 2027-28.
Key facts
- 2027-28 toll growth forecast
- 10-12%
- 2026-27 toll growth forecast
- 7-9%
- 2025-26 toll collection growth
- 10%
- 2026-27 traffic growth forecast
- 4.5-5.5%
- 2025-26 traffic growth
- 6%
- 2026-27 road execution forecast
- 9,000-9,500 km
- 2026-27 road awards forecast
- 8,000-8,500 km
Quotes
Suprio Banerjee
ICRA Co-Group Head, Corporate Ratings
“Traffic growth on national highways largely moves in line with the gross value added (GVA) of construction, mining and manufacturing (CMM).”
thehansindia.com
ICRA report
Credit-rating agency report on India’s highways sector
“EPC is likely to remain the preferred awarding route, while the government is gradually increasing its focus on BOT (Toll) projects to revive private sector participation.”
thehansindia.com
Sources
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