Case Study on - Vadodara halol Toll road

The Vadodara Halol Toll Road project was facing lower than expected revenues, putting its sustainability at risk. To address this, the Toll Review Committee evaluated three options: 1) increasing rates for multi-axle vehicles (MAV), 2) increasing rates for all vehicles, or 3) increasing MAV rates and restructuring financing. After analyzing the impact on traffic, revenue, and costs, it was recommended to increase MAV rates to the national average and restructure financing to reduce debt costs. This was projected to increase annual revenues by 11.33% and lower interest expenses, making the project financially sustainable.