Electronic Toll Collection Through FASTag Grows 46 Per Cent In 2022

https://gumlet.assettype.com/swarajya/2021-11/42a5045e-18a2-4d65-80c8-e8b540ccecc6/FASTag.jpg

Electronic Toll Collection (ETC) through FASTag has witnessed constant growth over the last few years. Total toll collection via FASTag on fee plazas, including state highway fee plazas during calendar year 2022 was Rs 50,855 crore. This is an increase of approximately 46 per cent as compared to Rs 34,778 crore in 2021.

The average daily toll collection through FASTag on National Highway fee plazas was Rs 134.44 crore in December 2022, 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 approximately 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 crores 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.

Notably, MoUs have been signed with 29 different state entities/authorities for on-boarding state fee plazas under FASTag programme. This includes states like Uttar Pradesh, Maharashtra, Gujarat, Madhya Pradesh, Telangana, Karnataka and so on.

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 highway users has helped in bringing more efficiency in toll operations.

Deployment of ETC system at various fee plazas along National Highways has brought transparency in the system and enabled correct valuation of road assets. This has further encouraged more investors to invest in the highway infrastructure of the country, particularly, in asset recycling.