The effect of digital transaction is also visible on toll collection. People’s habit of online transaction is increasing. Due to which in 2022, Electronic Toll Collection from FASTag has increased to more than 50 crores. Which is about 46 percent more than the year 2021.
New Delhi: Electronic toll collection (ETC) through FASTag has seen a steady increase in the last few years. The total collection at fee plazas including State Highway Fee Plazas during the calendar year 2022 was Rs 50,855 crore. Which is an increase of about 46 percent as compared to Rs 34,778 crore in 2021. According to the Ministry of Road, Transport and Highways, the average daily toll collection through FASTag at NH fee plazas in December 2022 was Rs 134.44 crore. And on December 24, the highest one day collection was Rs 144.19 crore.
A total of 6.4 crore FASTags have been issued so far.
Similarly, the number of FASTag transactions also saw an increase of approx. Officials said that in 2021, 219 crores and in 2022, 324 crores of fastag transactions were done. With 6.4 crore FASTags issued till date, the total number of FASTag enabled fee plazas across the country has also increased to 1,181 in 2022 (including 323 state highway fee plazas). Which was 922 in 2021. Notably, MoUs have been signed with 29 different state entities. States like Uttar Pradesh, Maharashtra, Gujarat, Madhya Pradesh, Telangana, Karnataka have been authorized for on-boarding state fee plazas under the FASTag program.
FASTag reduces toll pay time
Officials said that FASTag implementation has reduced the waiting time at NH Fee Plaza significantly. Due to which the number of its users is increasing continuously. The deployment of Electronic Toll Collection System at various fee plazas along the National Highways has brought transparency in the system. Along with this, the correct valuation of road properties has become possible. This has encouraged more investors to invest in the country’s highway infrastructure, especially in asset recycling.
