FASTag toll collection reaches record ₹104 crores per day: NHAI
1 min read . Updated: 27 Feb 2021, 11:02 AM ISTNHAI 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.
National Highways Authority of India (NHAI) on Friday said its daily toll collection through FASTag has reached about ₹104 crore.
Following the mandatory payment of user fee through FASTag at the toll plazas from February 16, 2021, toll collection through FASTag has seen consistent growth, it said.
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"The toll collection during this week has been more than ₹100 crore daily. On 25.02.2021, the toll collection through FASTag reached the highest ever mark of ₹103.94 crore with over 64.5 lakh daily transactions," NHAI 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.
NHAI 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.
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This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.