India To Be Toll Plaza Free In 2 Years: Gadkari
India To Be Toll Plaza Free In 2 Years: Gadkari
U
nion road transports and highways minister Nitin Gadkari said that the brand new GPS based tax collection system approved by the government will now put an end to toll plazas in the country. The union minister has planned to implement the new systems of toll tax collection in the next two years. It will also ensure an uninterrupted movement of vehicles in the country because in the new GPS based system the toll amount would now be credited from the individual’s personal bank account depending upon the movement of the vehicle.
In an Assocham event recently, the union minister said that with the help of the Russian government this GPS based collection system has been finalized. Gadkari said “In two years India will be toll naka mukt.”
The installation of these systems will reduce traffic congestion and save the government’ money used to maintain such toll barriers and not only that the government will also earn a rise in the toll income by large margins. The National Highways Authority of India (NHAI) earning from toll collections would rise to 1.34 lakh crore in next five years when the new GPS-based toll collection system gets installed. This new system will further boost the FASTag-based toll collection that is already functioning in national highways to reduce traffic congestion at the toll plazas and it has further resulted in transparency in toll collection which has increased government’s revenue from toll collections.
Gadkari said that this fiscal year the toll collection is expected to reach 34000 crore rupees and “by using GPS-based system for toll collection we expect that our toll income in the next five years will be 134000 crore rupees.”
