Toll highway discounting being discussed with the operators – NROCC
The National Road Operating and Constructing Company (NROCC) has indicated that it is negotiating with the operators in search of special discounts for motorists using sections of the toll highways across the country.
The outline from NROCC came on Tuesday when the Public Accounts Committee (PAC) of Parliament discussed the operations of NROCC.
The entity’s Chief Executive Officer (CEO), Ivan Anderson, said renewed efforts have been made to get the highway operators to offer late night discounts and other incentives on some segments of the highways. But it was noted that the decision was entirely that of the operators of the toll highways.
Additionally, there is a particular hurdle that needs to be cleared for the proposed formula to work, said Anderson.
“A reduction in tolls is only beneficial to the extent that the revenues increase faster. So if you reduce tolls by 10 per cent, you have to get more than 10 per cent traffic in order to compensate for the reduction in toll revenue," he outlined.
Anderson also indicated that revenue-enhancing plans are being explored for the highways as means of increasing the revenues and fostering various possibilities for both the operators and the users of the highways.
"The areas for bringing on new traffic onto the highway, for opening up new exits and entrances, some of those have been done, and we continue to have those discussions," he indicated.