Highway Toll Collection Through FASTag Increases To Rs 50,855 Crore In 2022 With 46 Per Cent Growth
The Electronic Toll Collection (ETC) through FASTag on fee plazas, including State Highway fee plazas during calendar year 2022 touched Rs 50,855 crore, with an increase of around 46 per cent as compared to Rs 34,778 crore in 2021.
If this growth continues India’s highway toll collection through just FASTags would cross Rs one lakh crore mark by 2024 end.
The average daily toll collection through FASTag on national highway toll plazas in December 2022 was Rs 134.44 crore, and the single day highest collection touched Rs 144.19 crore on 24 December 2022.
Similarly, the number of FASTag transactions also witnessed a growth of 48 per cent in 2022 as compared to that in 2021. The number of FASTag transactions in 2021 and 2022 were 219 crore and 324 crore respectively.
With 6.4 crore FASTags issued as on date, the total number of FASTag enabled fee plazas across the country also grew to 1,181 (including 323 State highway fee plazas) in 2022 from 922 in the previous year 2021.
Also, MoUs have been signed with 29 different state entities/authorities for on-boarding state fee plazas under FASTag program which include states like Uttar Pradesh, Maharashtra, Gujarat, Madhya Pradesh, Telangana and Karnataka, etc.
“FASTag implementation has reduced the waiting time at NH Fee Plazas significantly, resulting in enhanced user experience. The constant growth and adoption of FASTag by the highway users has helped in bringing more efficiency in toll operations,” the Ministry of Road Transport and Highways said.
“Deployment of Electronic Toll Collection system at various fee plazas along National Highways has brought transparency in the system and enabled correct valuation of road assets which has encouraged more investors to invest in the highway infrastructure of the country, particularly, in asset recycling,” it added.
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