NHAI FASTag daily collection reaches Rs 193.15 cr on Apr 29

The daily toll collection through FASTag system reached an all-time high of Rs 193.15 crore on April 29, with 1.16 crore transactions recorded in a single day, said NHAI
NHAI FASTag daily collection reaches Rs 193.15 cr on Apr 29
NHAI FASTag daily collection reaches Rs 193.15 cr on Apr 29

New Delhi: The National Highways Authority of India (NHAI) on Tuesday said that the daily toll collection through FASTag system reached an all-time high of Rs 193.15 crore on April 29, with 1.16 crore transactions recorded in a single day. NHAI in a statement further said that since FASTag was mandated by the government in February 2021, the number of toll plazas under FASTag programme has increased from 770 to 1,228, including 339 state toll plazas.

NHAI also said that it is actively working towards finalising the necessary requirements for implementation of the Global Navigation Satellite System (GNSS) based tolling system for allowing free-flow tolling system in India.

How does FASTag work?

FASTag uses radio-frequency identification (RFID) technology, which provides users with a smooth crossover at toll plazas without halting. The payment is made digitally through the FASTag linked to the bank wallet.
In addition to its effectiveness in toll collection, FASTag has also facilitated seamless and secure contactless payment for parking fees at over 140 parking lots in 50+ cities across India, NHAI added.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

logo
PSU Watch
psuwatch.com