1.

Who Collects The Toll Tax And Why?

Answer»

Toll tax is usually collected by PRIVATE companies to recover the investment put into building that PARTICULAR road or bridge. This is known as BOT - Build Operate and transfer. The company that bags the project, builds it, operates it for a period of time(30 to 40 YEARS), transfers it to the government.

Toll tax is usually collected by private companies to recover the investment put into building that particular road or bridge. This is known as BOT - Build Operate and transfer. The company that bags the project, builds it, operates it for a period of time(30 to 40 years), transfers it to the government.



Discussion

No Comment Found