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According to Union minister Nitin Gadkari, Toll revenue of the NHAI will soar to Rs 1.40 lakh crore per annum in the next three years from Rs 40,000 crore per annum currently.

Addressing an event , the Road Transport and Highways Minister said that there is a huge opportunity for investors in India's infrastructure sector as the traffic density is rising every year.

"Our (state-owned NHAI's) current toll income is Rs 40,000 crore. It will rise to Rs 1.40 lakh crore in the next three years," Gadkari said.

Inviting investments in the infrastructure sector, Gadkari said that the size of the Indian economy is rising, so naturally, the internal rate of return on infrastructure projects is also rising.

The Union minister said conciliation committees should decide cases related to road infrastructure projects within three months, as delay in the decision making process results in higher costs.

For faster settlement of claims through conciliation and to reduce liabilities, the National Highways Authority of India (NHAI) has rigorously started the process of conciliation by constituting three Conciliation Committees of Independent Experts (CCIE) of three members each.

These committees are being headed by retired officials from the judiciary, senior experts from public administration, finance and the private sector.

Making a strong case for accelerating the bankruptcy resolution process, Gadkari said no purpose is served if the financial matter is held up at courts and tribunals for a longer time.

Referring to the delay in getting completion of bankruptcy related cases, the road transport and highways minister said the bankruptcy tribunal NCLT is facing shortage of judges.

Gadkari said he would like to set up a committee under a retired judge to find out why the state-owned NHAI lost arbitration appeal cases in the Supreme Court (SC) in the last five years.

The minister said he would penalize those who are responsible for mindlessly filing appeals in the Supreme Court in arbitration awards which have gone against.