Toll Rate Increase for Lahore-Islamabad M2-Motorway with effect from August 25, 2024.
Toll Rate Increase for Lahore-Islamabad Motorway (M2): August 25, 2024
Overview
The toll tax rate for Lahore-Islamabad Motorway (M2) increased by 10% from 25th August 2024 as announced by the National Highway Authority (NHA).
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It was a scheduled increase as the adjustment aligned with the contractual agreement with M/s Motorway Operations and FWO subsidiary known as Rehabilitation Engineering (Private) Limited.
New Toll Rates
The revised rates apply at all interchanges on the M2 Motorway, affecting a significant number of daily commuters. These updated toll rates for the Lahore-Islamabad Motorway are as follows:
- Standard Vehicles: Rs 1210 (previously Rs 1100)
- Coasters: Rs 2840 (previously Rs 2240)
- Vans: Rs 2030
- Buses: Rs 4060
- Trucks: Rs 5280
- Trailers: Rs 6780
Background of the Toll Increase
Keep reading to uncover the background of the recent toll increase on Lahore-Islamabad M2 Motorway.
This increase is part of a planned escalation strategy envisioned to generate additional revenue for the NHA and FWO.
- Contract Date: 23rd April, 2014
- Terms of Contract: 10% annual increase in toll rates for 20 years
- Parties Involved: NHA and M/s Motorway Operations and Rehabilitation Engineering (Private) Limited
Impact on Commuters
The increase in toll tax has impacted regular travelers as well as commercial transporters in this era of inflation:
For Regular Travelers
- Increased Costs: The rise in toll rates means higher expenses for personal and business travel.
- Planning Needed: Commuters will need to adjust their budgets to accommodate the higher toll costs.
For Commercial Transporters
- Operational Costs: Increased tolls contribute to higher operational costs.
- Potential Price Adjustments: The added expense may result in increased prices for goods transported on this route.
Justification
While the contractual arrangement specifies the annual increase, specific reasons for this year’s adjustment have not been detailed by the authorities.
For the latest updates and to calculate your journey costs:
- Visit the NHA Official Website
- Check the Motorway Authority’s Toll Information Service
Conclusion
The 10% increase in toll rates for the Lahore-Islamabad Motorway represents a significant adjustment that will impact many commuters.
By staying informed and planning accordingly, travelers can better manage their expenses and navigate the changes effectively.
For detailed information and updates, refer to the official resources provided by the NHA and Motorway Authority.
Note: The information above might not be accepted 100%. Please verify from your own sources. We will not be responsible for any kind of loss due to our content.
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