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Friday / November 22.
HomeCompaniesNRFA exceeds Q1 target, collects K266 million in toll fees

NRFA exceeds Q1 target, collects K266 million in toll fees

The National Road Fund Agency (NRFA) has disclosed that it has collected more than K50 million extra toll fees in the first quarter of 2019. The Agency says it has collected over K266 million (about US$19 million) in toll fees against a target of K261 million in the first quarter.

NRFA Chief Executive Officer Dr. Wallace Mumba says NRFA has distributed over 6,800 toll cards and collected about K21.7 million through electronic toll fees collections.

Dr. Mumba was speaking when NRFA and the Ministry of Livestock and Fisheries signed an agreement in an effort to reduce the disease burden on the livestock sector that has cost the government in excess of K30 million.

The National Road Fund Agency had in February this year been accused of losing K1 billion the claim it refuted and explained that the K1 million was purported to be missing represented the 11,348 vehicle transactions which were found to be misallocated as frequent user discounts.

The agency claimed it had earlier announced that it would be offering discounts to vehicles that frequent passes through the toll gates. The Agency has projected that it would be collecting more than K670 million in tolls every year.

The NRFA was established and is responsible for mobilisation, administration and management of all financial resources in the road sector with the key function of administering and managing the National Road Fund, a pool of funds collected from mostly fuel levy and has now been bolstered by introduction of road tolls.