NHAI daily toll collection through FASTag reaches record Rs 104 cr

National Highways Authority of India (NHAI) on Friday said its daily toll collection through has reached about Rs 104 crore.

Following the mandatory payment of user fee through at the toll plazas from February 16, 2021, toll collection through has seen consistent growth, it said.

“The toll collection during this week has been more than Rs 100 crore daily. On 25.02.2021, the toll collection through FASTag reached the highest ever mark of Rs 103.94 crore with over 64.5 lakh daily transactions,” said in a statement.

The smooth implementation of FASTag has witnessed growth of 20 per cent in terms of electronic toll collection transactions and 27 per cent in terms of collection of user fee through FASTag, it said.

said the FASTag drive has been well supported by the highway users as approximately 20 lakh new FASTag users have been added during last two weeks, taking total FASTag issuance to 2.8 crore.

FASTag implementation has also reduced the waiting time at National Highways Fee Plazas significantly, resulting in enhanced user experience.

The statement said not only the constant growth and adoption of FASTag by the highway users is encouraging but also it will help to bring more efficiency in toll operations.

This will enable correct valuation of road asset in the future and will encourage more investors to invest in the Highway infrastructure of the country.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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