In a chat with ET Now,, Chairman,said that government has extended no-tolling till 24th to redress the difficulties which the common commuter might possibly face because of shortage of currency . Edited excerpts:Yes. The daily toll collection across the country from the highways which are run by the National Highways Authority of India is ranging between 50 to 75 crores per day so the overall impact is -- we are looking at an impact of about 500 to 700 crores over this period and NHAI is committed to ensuring that concessioners who suffer any loss because of this because this is clearly a force major or an indirect political event sort of situation, they should be suitably compensated so that they are not make to suffer unnecessarily. Their liquidity flow does not decrease and that their accounts do not become NPAs. So we have initiated the dialogue with the government and within the framework of the concession agreement and the support of the government, we should be able to redress and address the situation.Yes this would require additional this thing because this is a decision which government has taken in a conscious way and I am sure from all the signals that I get that government is committed to resolving and redressing it.As of now, no decision to that effect has been taken. But as you are aware that government has extended no-tolling till 24th to redress the difficulties which the common commuter might possibly face because of shortage of currency and I think government has been extremely considerate in tackling it head on and this has resolved to a great deal the daily difficulties which commuters face and I think by the 24th things should really look up and there may not be any need to extend it any further.I really do not think their financials should take a hit because had they been collecting in terms of Rs500 and Rs1000 notes certainly initially their revenues would have taken a bit of a hit so by removing tolls for this period as long as they are compensated I do not think they would suffer any grievous injury of difficulty and our case would be of course now to ensure that they are compensated quickly and appropriately and we are working on that.You know yesterday I called a meeting of some of our contractors to understand their difficulty and the Eastern Peripheral Expressway is one project where work is going on in full swing because of our commitments to complete in this many days and I can tell you that, of course there are some ground difficulties like paying to labour and suitably compensating them because of a shortage of currency and all that but you have to look at this initiative of the government and I view it as an infrastructure administrator in the larger context of nation’s fight against corruption, black money and in the interest of promoting transparency and market efficiency in the infrastructure, particularly in the highways sector and I am very happy to say that all our contractors were positive about the overall development in the long run. Short term, of course, they are making arrangements to provide canteens and provide rations to their workers.We are encouraging them to do that. I am going to be writing to the department of food to you know wherever possible to open up ration shops so that contractors can buy rations and provide them to their labourers in lieu of small change. So you have to look at it in the larger context and I think this is going to bring about a lot of professionalism in our highway and infrastructure sector by levelling the playing field between those who played perfectly fairly and those who tried to play a little smartly or tried to game the system. So this is going to be a very-very positive development for the infrastructure sector.This is not really going to affect the number of contracts awarded all that goes on and there is going to be long term continuity and stability as much as highway awards and highway contracts goes on. What it is going to make a difference is and the qualitative improvement in the players who are in this field and I think more foreign players are going to be attracted to investing in Indian infrastructure because they perceive that the playing field is going to fairer, more transparent and cleaner.As far as banks are concerned in the long run I feel that their deposits will only increase and once their deposits increase so also their lending should improve their of course the short term glitches but I think that within a month or so they should be tided over with because infrastructure is clearly an area which is where the demand of big consumer is inelastic. So there is going to be tremendous demand for infrastructure as the economy improves and as we head for an 8% growth in the GDP manufacturing has to increase so I do not see any downturn in infrastructure or in the highway sector in particular and I think all these steps if at all will contribute positively towards making them more transparent, getting better players in, getting more foreign investors and help the sector.Of course one more important area is the cashless of the economy this is going to be another positive thing because it will incentivise road commuters to go in for electronic tolling, RFID tax which were so far languishing and I think this will give a boost to electronic tolling which is an aspirational thing and I am happy to announce that only yesterday the Reserve Bank has cleared our long pending request for national electronic toll collection system, the NETC and this will allow the second stage of electronic tolling to start where multiple players will enter this field and interoperability of our tolls vis-à-vis the various acquirers will happen so far it was only ICICI Bank now you have several other banks like IDFC PayTM etc., Punjab National Bank and so on who will also be able to participate. So I think electronic tolling and cashlessness of the highway sector is a very very upside and a very positive development.Yes, that needs to be worked about but I have committed that at least 75% of their immediate whatever loss they have suffered we will compensate immediately the rest based on more detailed auditory valuation of exactly how much loss we suffered on behalf of the government pronouncement.