Indian Highways Management Company Ltd. (IHMCL), a company promoted by NHAI will be signing a memorandum with state-run Oil Marketing Companies on 7th of January this year with a view to ensure easier availability of the FASTags, the electronic toll collection system. These measures will eventually help NHAI cater to its commitment of providing a safe, smooth and seamless journey to commuters on National Highways.
The enhanced adoption of FASTag program will increase user convenience by offering seamless toll-fee payments at Plazas and thus help save time, money and fuel. The online payments will improve transparency of toll transactions, reduce revenue leakages, and improve overall efficiency and commercial competitiveness.
The concerned company is also striving for the vision of One Nation – One Tag by aligning with various State Authorities to ensure that FASTag becomes the preferred digital payment instrument at State and Municipal Plazas. Twenty-six toll plazas located across Maharashtra, Madhya Pradesh and Hyderabad have been already covered under the scheme, while discussions are on with other State Government/agencies to help in achieving the vision of cashless economy running on a Digital India platform.
In the first phase, the tags will be available across 50 Fuel Station in Delhi NCR, which will subsequently be expanded to outlets across India. IHMCL has been mandated to implement the National Electronic Toll Collection Program in the country. The company launched the program under the brand name “FASTag” in April 2016.
“The program has achieved resounding success over the years and is now operational at over 450 toll plazas along the National Highways and select State Toll Plazas. IMHCL is also planning the launch of two mobile applications named MyFASTag and IHMCLPOS, to further supplement the strategy. These apps will enable customers to link the FASTags with their preferred bank account, recharge the FASTag via UPI platform, and also ensure that the tags are bank neutral.”, reported the statement.