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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 here, 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.

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.