There was a time when travelling Noida to Delhi was a serious headache. I had been to such situation while travelling to attend my job induction. It was not with me only but many people have to think twice before begining their journey to far end of Delhi. The connectivity was not good and sometimes it take an entire day to reach due to heavy traffic. I remember leaving my home at 7 AM to reach by 10 only to cover a distance of 48KM. But now, the time has changed and so does the connectivity. Thanks to construction of the toll road by a private builders that allows an easy passage.
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The construction of toll roads and setting up of toll booths are a revolutionary way to manage the traffic and also to ensure a smooth travelling experience. Toll booths are set up to collect a fee, called a toll, from drivers using specific roads, primarily highways and expressways, which is used to fund the construction, maintenance, and improvement of that road infrastructure. The primary reason for toll booths is to generate revenue to cover the costs of building and maintaining roads, bridges, and tunnels. The idea is that those who directly benefit from a road (by using it) should contribute financially towards its upkeep. Ever since this came into picture the real estate price of Noida has sky rocketed. Even the easy connectivity from the Capital city of India allows many business houses to set up their office in the prime location. People were ready to pay the extra cost for using the roadway services offered by the private players. What used to be tough ride has now become a smooth sailing experience for daily commuters.
These private players brings innmuch relief to the commuters. Private involvement is necessary because it brings crucial elements like innovation, efficiency, capital investment, and competition to the table, which can significantly boost economic growth. Private companies have access to significant capital which can be used to fund large-scale projects, especially in areas like infrastructure development, where government funding might be limited. The competitive nature of the private sector encourages companies to develop new technologies, improve operational efficiency, and deliver better products and services compared to a monopoly public sector. Private businesses often possess specialized expertise in various fields, which can be leveraged to manage complex projects effectively.
However, it's important to note that private involvement needs to be carefully managed through regulations and oversight to ensure benefits reach the wider community and prevent potential issues like exploitation or negative social impacts.
In good faith - Peace!!
