October 27, 2016
Most of Punjab's Toll Plazas have collected much more than their Investment / Returns )
As per Allahabad High Court Ruling in the Noida Toll Bridge case.
Noida Toll Bridge Company - Contract Was Deeply Flawed
Allahabad High Court has made Delhi-Noida Toll Bridge Toll Free as the Company owning it i.e. Noida Toll Bridge Co. ( Listed on BSE/ NSE ) has more than recovered its investment and returns.
Delhi Noida Toll Bridge was one of first projects under PPP business model( Private Public Participation ) under the concept of BOOT ( Build , Own , Operate , Transfer ).
However , Delhi - Noida Toll Bridge 's Contract was deeply flawed and totally one sided - in favour of the Contractors and against the Public- a scam
Please read this Post :-
In 1991, a few prematurely retired IAS officers came together to float, in collaboration with some businessmen, a company called Infrastructure Finance & Leasing Services (IF&LS).
For more / complete article , please click :-
Although the Contract ostensibly gave Ownership / Toll Rights for around 30 years ( or less ) , the fine print of the contract allowed de facto perpetual Toll rights ( till eternity )
A clear instance of gross overcharging of the Public by ex Babudom ( IAS lobby ).
Toll Tax Loot in Punjab
Now , action wanted in Punjab
nexus between corporates-bureaucrats-politicians