Maharashtra Cabinet Waives Toll Tax for LMVs at Mumbai’s Five Entry Points
The Maharashtra government has approved a waiver in toll tax on light motor vehicles (LMVs) at Mumbai’s five entry points, providing relief to daily commuters and residents.
Toll TaxMumbaiMaharashtra CabinetLmvsEknath ShindeReal Estate MaharashtraOct 14, 2024
Mumbai, Oct 14, 2024 - In a significant move, the Maharashtra Cabinet, chaired by Chief Minister Eknath Shinde, approved a waiver in the toll tax for light motor vehicles (LMVs) at Mumbai’s five entry points. The decision, effective from midnight on Monday, aims to provide relief to commuters and residents who frequently travel through these entry points.
The toll waiver applies to the toll booths at Dahisar, Mulund, Vashi, Airoli, and Anand Nagar. This decision is expected to ease the financial burden on daily travelers, who have been paying toll taxes since the year 2000.
of the Toll Tax
Earlier this year, the toll tax for LMVs at these entry points was increased to Rs 45 from Rs 40, following the provisions of the toll revision rules that are applied every three years. The introduction of the toll tax was primarily to cover the costs associated with the construction and maintenance of flyovers and other infrastructure in the city.
The toll collection is monitored by the Maharashtra State Road Development Corporation (MSRDC), the nodal agency responsible for the construction of roads, sea links, and other transport infrastructure in the state. Various agencies are selected through a bidding process to manage the toll collection.
Legal Framework and Toll Policy
The Maharashtra government is empowered under Section 20 of the Maharashtra Motor Vehicles Tax Act, 1958, to collect tolls. The state government released its toll policy through a government resolution, which outlines specific guidelines. According to the policy, projects costing less than Rs 200 crore are exempt from tolls.
The policy also includes provisions for the calculation of total project costs, which include contingencies (3% of construction costs), financing charges (2% of debt), and escalation during construction (up to 5% per year) over and above the construction costs.
Cabinet Decisions and Election Context
The recent decision to waive the toll tax is part of a series of decisions aimed at garnering public support ahead of the Assembly elections. In the last three cabinet meetings, the Maharashtra government has cleared a record 165 decisions, with an emphasis on policies that can appeal to voters.
In the meeting held last Thursday, the cabinet took about 40 decisions. On September 23, 22 decisions were made, followed by 56 decisions on September 30, and another 47 on October 4. The government has also released over 1,200 government resolutions on departmental decisions in the past month.
Community Impact and Public Response
The toll waiver is seen as a positive step by many residents and commuters, who have long been critical of the increasing toll rates. This move is expected to reduce the travel costs for a significant number of people, making daily commutes more affordable and less stressful.
Conclusion
The Maharashtra Cabinet's decision to waive toll taxes for LMVs at Mumbai’s five entry points is a welcome relief for the city’s residents and daily travelers. As the state government continues to focus on infrastructure development, this waiver highlights its commitment to improving the quality of life for its citizens.
For more information, please contact the Maharashtra State Road Development Corporation (MSRDC) or visit their official website.
Frequently Asked Questions
When will the toll tax waiver for LMVs at Mumbai’s entry points take effect?
The toll tax waiver will take effect from 12 midnight on Monday, October 14, 2024.
Which are the five entry points where the toll tax for LMVs will be waived?
The toll tax for LMVs will be waived at Dahisar, Mulund, Vashi, Airoli, and Anand Nagar.
What was the previous toll tax for LMVs at these entry points?
The previous toll tax for LMVs at these entry points was Rs 45.
Why did the Maharashtra government introduce the toll tax at these entry points?
The Maharashtra government introduced the toll tax to cover the costs associated with the construction and maintenance of flyovers and other infrastructure in Mumbai.
How many decisions did the Maharashtra Cabinet clear in the last three meetings?
The Maharashtra Cabinet cleared a record 165 decisions in the last three meetings.
Related News Articles
RBI's Rate Cut to 6% Sparks Optimism in the Real Estate Sector Amid Global Headwinds
While global uncertainties such as U.S. tariffs and market volatility persist, the RBI's recent policy recalibration to a 6% interest rate offers a timely stimulus to the real estate sector.
Corruption Cases Soar in Maharashtra: ACB Reports 499 Cases in 8 Months
The Maharashtra Anti-Corruption Bureau (ACB) has revealed that most corruption cases are related to officials of the revenue and land records department, followed by the police and panchayat samiti.
SRK's Luxurious Apartment on Mumbai's Carter Road Set for Redevelopment
A recent report suggests that Shah Rukh Khan's prestigious sea-facing apartment on Mumbai's Carter Road may soon undergo redevelopment. A source involved in the society’s bidding process for the real estate development has confirmed this news. This move c
Lost Tesla before 2022, but Better Days Ahead for Maharashtra: Speaker Rahul Narwekar at BT Banking Summit
Speaker Rahul Narwekar discusses the setbacks and promising future for Maharashtra at the BT Banking Summit, highlighting the loss of the Tesla project and the state's resilience.
KTCC Announces Winners of the Prestigious Karnataka Business Awards 2025
The Karnataka Trade and Commerce Chamber (KTCC) recently hosted the Karnataka Business Awards 2025, honoring outstanding achievements in various sectors including real estate, healthcare, media, IT, manufacturing, beauty, and retail. KTCC President Abdul Musaddiq delivered the welcome address, setting the stage for a night of celebration and recognition.
Vageshwari Properties Acquires Laxmi Nivas Bungalow for Rs 276 Crore in Mumbai
Vageshwari Properties, a prominent real estate player, has made a significant acquisition by purchasing the historic Laxmi Nivas bungalow at Malabar Hill, Mumbai, for Rs 276 crore. This strategic move underscores the company's commitment to expanding its