The development assumes significance, given that India runs up huge loss of USD 21.3 billion annually on account of delays and additional fuel consumption due to frequent halts at toll plazas and poor roads, according to an IIM-Kolkata and TCI joint study.
"In order to promote cashless payment through FASTag at toll plazas on National Highways, NHAI has decided to provide FASTag to existing monthly pass holders by absorbing the one-time cost of their FASTags," National Highways Authority of India (NHAI) said in a statement.
In another key decision, a dedicated FASTag lane will be ensured at 48 toll plazas on Delhi-Mumbai and Mumbai-Chennai corridors effective June 20.
"To facilitate purchase of FASTag by road users, points of sale at 23 toll plazas are available on these corridors," the statement said.
The ones on the Delhi-Mumbai corridor are Manesar, Thikariya (Jaipur), Kishangarh, Narayanpura, Paduna, Ahmedabad, Vadodara, Bharthana (L&T Karjan), Choriyasi, Boriach, Bhagwada, Charoti and Khaniwade.
Out of these, 19 sales points are already working and four will be added in a week.
That's not all. To promote efficient movement of passenger and goods on these high-traffic density corridors, NHAI will embark on awareness drives and other related activities.
FASTag offers near non-stop movement of vehicles through toll plazas and convenience of cashless payment with a nation-wide inter-operable Electronic Toll Collection Services.
FASTag is operational at more than 325 toll plazas on National Highways across the country.
"FASTag has a one-time fee of Rs 200 and is affixed on the wind screen of the vehicle. It employs RFID technology for making toll payments directly from the pre-paid account linked to it," the statement said.
"The minimum recharge amount is Rs 100 and can be up to Rs 1 lakh in the multiples of Rs 100. FASTag users shall get SMS alerts for all their toll transactions, low balance and the like," the statement said.
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