Shiva mahesh
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Noida Toll Bridge Company HAS moved the Supreme Court against the Allahabad High Court order that declared the Delhi-Noida-Delhi (DND) Flyway toll-free
Highlights
1. Noida Toll Bridge Company moved Supreme Court against Allahabad court order
2. Allahabad High Court declared the Delhi-Noida-Delhi (DND) Flyway toll-free.
3. DND connects Delhi on the west bank of the Yamuna with Noida and East Delhi.
A day after the Allahabad High Court declared the Delhi-Noida-Delhi (DND) Flyway toll-free, Noida Toll Bridge Company today moved the Supreme Court against the court order.
The Allahabad HC on Wednesday said its order is applicable with immediate effect
The DND Flyway - which is one of the better-run toll plazas - connects Delhi on the west bank of the Yamuna with Noida and East Delhi
It has witnessed several protests and demonstrations seeking scrapping of the Rs 28 toll following allegations that the operator of the 9.2-km-long stretch (including the Mayur Vihar link) has already made significant profits.
COMPANY HAD CLAIMED OTHERWISE
Incidentally, the court order came a day after DND Director Monisha Macedo claimed the contract for operating the 9.2 km long road could be extended for two more years, beyond the stipulated 2031
"We are trying to recover not only the cost of construction. Under the concessionaire agreement, apart from the cost, we also have to earn a return. After all, it's a private investment that has happened," Macedo told IANS.
Asked if the DND will be handed over to the government after 2031, Macedo said: "There is a clause (in the agreement) which says that up to 2031 even if it has not earned returns then it can be extended for two years of time on requesting the Noida administration."
"I think the allegations are not based on the facts that have been understood by anybody. The contract was signed between the Noida Authority and us. The allegations are coming from the people who are not aware of all the facts," she said
Macedo, who has been associated with the Noida Toll Bridge Company for more than a decade, said: "If cost of construction is a figure, we could have crossed it but that's not the point. The cost of construction includes the return, which has not been recovered."
Speaking about some of the company's recent initiatives, Macedo said that CCTV cameras with voice recording has been installed to keep a check on the behaviour of the toll collectors
http://tz.ucweb.com/10_rlAE
Highlights
1. Noida Toll Bridge Company moved Supreme Court against Allahabad court order
2. Allahabad High Court declared the Delhi-Noida-Delhi (DND) Flyway toll-free.
3. DND connects Delhi on the west bank of the Yamuna with Noida and East Delhi.
A day after the Allahabad High Court declared the Delhi-Noida-Delhi (DND) Flyway toll-free, Noida Toll Bridge Company today moved the Supreme Court against the court order.
The Allahabad HC on Wednesday said its order is applicable with immediate effect
The DND Flyway - which is one of the better-run toll plazas - connects Delhi on the west bank of the Yamuna with Noida and East Delhi
It has witnessed several protests and demonstrations seeking scrapping of the Rs 28 toll following allegations that the operator of the 9.2-km-long stretch (including the Mayur Vihar link) has already made significant profits.
COMPANY HAD CLAIMED OTHERWISE
Incidentally, the court order came a day after DND Director Monisha Macedo claimed the contract for operating the 9.2 km long road could be extended for two more years, beyond the stipulated 2031
"We are trying to recover not only the cost of construction. Under the concessionaire agreement, apart from the cost, we also have to earn a return. After all, it's a private investment that has happened," Macedo told IANS.
Asked if the DND will be handed over to the government after 2031, Macedo said: "There is a clause (in the agreement) which says that up to 2031 even if it has not earned returns then it can be extended for two years of time on requesting the Noida administration."
"I think the allegations are not based on the facts that have been understood by anybody. The contract was signed between the Noida Authority and us. The allegations are coming from the people who are not aware of all the facts," she said
Macedo, who has been associated with the Noida Toll Bridge Company for more than a decade, said: "If cost of construction is a figure, we could have crossed it but that's not the point. The cost of construction includes the return, which has not been recovered."
Speaking about some of the company's recent initiatives, Macedo said that CCTV cameras with voice recording has been installed to keep a check on the behaviour of the toll collectors
http://tz.ucweb.com/10_rlAE
