Govt to introduce GPS-based highway toll collection system by March 2024: Nitin Gadkari – Times of India

Govt to introduce GPS-based highway toll collection system by March 2024: Nitin Gadkari - Times of India

New Delhi: The government will introduce new technologies, including GPS based tool collection system, to replace the existing highway by March next year Toll PlazaUnion Minister Nitin Gadkari. said Wednesday.
The aim of this initiative is to reduce Traffic congestion and charging motorcycles for fair distance on highways.
“The government is considering new technologies including GPS-based toll systems to replace toll plazas in the country… We will launch new technology.GPS Satellite-based toll collection across the country by March next year,” he said at a function here.
The Minister of Road Transport and Highways said that his ministry has conducted two pilot projects of Automatic Number Plate Recognition System (Automatic Number Plate Reader Cameras) to enable automatic toll collection without stopping the vehicles.
The average waiting time for vehicles at the toll plaza during 2018-19 was 8 minutes. After the introduction of FASTags during 2020-21 and 2021-22, the average waiting time for vehicles was reduced by 47 seconds.
Although waiting times have improved significantly in some places, especially near cities, in densely populated towns, there are still some delays at toll plazas during peak hours.
Meanwhile, Gadkari said the government is considering building road projects worth Rs 1.5-2 lakh crore on build-operate-transfer (BOT) model for highway projects of less than 1,000 km length before the model code of conduct comes into effect for the next general elections. Will bid. The year
The general elections are scheduled to be held in April-May 2024.
“Going forward, we would favor the Infrastructure Investment Trusts (InvITs) model for most highway construction,” he said.
InvITs are instruments designed to raise money from investors and invest in assets that will provide cash flow over a period of time.
Gadkari also urged highway contractors to reduce construction costs without compromising on quality.

Business news,Traffic congestion,Toll Plaza,Nitin Gadkari.,GPS based tool,GPS based highway tool collection,GPS
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