TRANSPORTATION

FASTag toll collections rises 21% in June, as compared to May, to Rs 2,576.28 crore

As the Indian economy opened up in June and state government’s eased the restrictions surrounding lockdowns, in the wake of the number of COVID-19 falling in the country, toll collections through FASTag rose 21 percent in June when compared to May and came in at Rs 2,576.28 crores, officials from the National Highways Authority of India told Moneycontrol.

The number of FASTag toll transactions also rose to 15.786 crore in June from 11.65 crore in May.

However, toll collections through FASTag in June were still lower than the Rs 2,776.90 crore witnessed in April and Rs 3,086.32 crore seen in March. Similarly, the total number of FASTag toll transactions were also lower in June as compared to the 16.433 crore seen in April and 19.321 crore transactions seen in March.

The NHAI had last month said that it would wait till highway traffic volumes return to normal levels before launching its maiden infrastructure investment trust.

About 95 percent of the NHAI’s tolls are collected through FASTags, which were made mandatory in February in order to move towards 100 percent e-tolling.

According to the Indian Foundation of Transport Research & Training (IFTRT), due to the Indian economy opening up in June truck fleet utilisation has jumped up to 75 percent in June as compared to 65 percent in May.

Source
moneycontrol
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