Use of FASTags will save Rs. 70,000 Cr in wasted fuel expenses
Road Transport and Highways Minister Nitin Gadkari said that the use of FASTags has saved 70 thousand crore rupees in wasted fuel expenses caused by waiting at the toll plazas. The FASTag has been made mandatory for vehicles from January 2021. FASTag uses Radio-frequency Identification technology that provides users with a smooth and effortless cross-over at Toll plazas without waiting.
Addressing a Press Conference in New Delhi yesterday, Mr Gadkari said, with the introduction of FASTag, there is significant jump in the toll collection. He informed that the revenues from tolls rose to 41 thousand 342 crore rupees in 2022-23 from four thousand 770 crore in 2013-14. Mr Gadkari said the Government aims to increase the toll revenue to one lakh 30 thousand crore rupees by 2030.
Mr. Gadkari said, the total length of the National Highways in the country increased by about 59 percent in the last nine years. As a result of this expansion, India now has the second-largest road network, after the US.