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Increased tolls will lead to US$131mn revenue in 2011 - Invias (Venezuela)

An increase in the rates charged on Colombian toll highways could mean total revenues will reach 260bn pesos (US$131mn) during 2011, national roads authority Invias predicts.


Tolls will go up by 5% as of January 16 to cover repairs to road infrastructure that was damaged during the country's severe winter, said Invias director Carlos Rosada Zuñiga, who added that the scale of the damage is enough to warrant the price hike.


"If [prices were raised] only in line with the IPC (consumer price index), we would lose out on resources of about 7bn pesos annually," Rosada said.


Under the existing toll rates, total income for the year would be 240bn pesos, according to the presidential website.

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