Islamabad:The National Highway Authority (NHA) has successfully concluded the competitive bidding process for 81 of the 93 toll plazas across the country, according to a press release.
Sadaqat Ullah Akhunzada, General Manager (Revenue), conducted the toll plaza auction as the auctioneer in a fair, transparent, and orderly manner, in accordance with the approved auction procedures and terms.
Highlighting a significant increase in public-private sector participation, the auction generated an extraordinary annual revenue surplus of Rs1.06 billion above the set targets, with winning bids averaging an impressive 30 percent higher than their designated reserve prices.
Prominent national logistics firms and private entities, including the National Logistics Cell (NLC), Ali Enterprises, Muhammad Ramzan & Company, and Gohar Hayat, aggressively secured operational rights for key highway networks.
The highest monthly bids during this phase were recorded at the strategic Jamshoro Toll Plaza, with Rs156.67 million, and the Sangjani Toll Plaza on the N-5 Highway, with Rs134.845 million.
Notably, the Bewata Toll Plaza on the N-70 Highway and the Nokundi Toll Plaza on the N-40 route recorded the highest percentage increases of the entire auction, fetching bids that were 880 percent and 154 percent above their respective reserve prices due to intense competition among bidders.
Meanwhile, 12 toll plazas remain temporarily unawarded due to various administrative and legal issues. This includes one plaza withheld by the NHA because of an ongoing court case, nine plazas that received no bids, and two plazas that failed to attract any initial registrations.
