India is expected to save at least Rs 86,000 crore annu-¡ally after the electronic toll collection (ETC) system becomes operational across India, according to Road Transport and Highways Minister Nitin Gadkari.
¨We would save Rs 86,000 crore annually with installation of electronic toll collection system as an IIM Kolkata study has indicated that delays at plazas result in fuel loss worth Rs 60,000 crore besides losses worth Rs 26,000 crore to truckers,¨ Gadkari said. ETC systems have already been installed at 123 plazas while by December-end it would be functional across 350 toll plazas, he said.
At present, the average waiting time for vehicles is 10 minutes at every toll plaza, which would be eliminated after ETC, being facilitated by ICICI Bank and Axis Bank.
Leave a Reply
You must be logged in to post a comment.