The daily toll collections of the National Highways Authority of India (NHAI) through electronic toll collection system FASTag has reached a record high of about Rs 104 crore, with the collections rising consistently since 16 February when user fee payments at toll plazas were mandated to be executed through the FASTag, reports Economic Times.
During this week, toll collection surpassed Rs 100 crore mark each day and touched the lifetime high of Rs 103.94 crore on 25 February with over 64.5 lakh transactions.
As per a statement issued by NHAI, the smooth implementation of FASTag has witnessed the 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 should also be noted that over the last two weeks alone, approximately 20 lakh new FASTag users have been added, taking the total number of FASTag users to 2.8 crore.
In the statement, NHAI said that the growing adoption of FASTags by highway users will help to bring more efficiency in toll operations. It also added that this would enable the correct valuation of road asset in the future and will encourage more investors to invest in the Highway infrastructure of the country.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.