Active Stocks
Tue Mar 19 2024 15:58:41
  1. Tata Consultancy Services share price
  2. 3,977.55 -4.03%
  1. Tata Steel share price
  2. 148.65 -0.64%
  1. Bharti Airtel share price
  2. 1,227.85 0.23%
  1. Power Grid Corporation Of India share price
  2. 258.95 -2.28%
  1. ITC share price
  2. 409.50 -1.89%
Business News/ Politics / Policy/  Nitin Gadkari to launch electronic toll system on 31 October
BackBack

Nitin Gadkari to launch electronic toll system on 31 October

Electronic toll collection has already been installed at 55 toll plazas

Road transport and highways minister Nitin Gadkari. Photo: Hemant Mishra/MintPremium
Road transport and highways minister Nitin Gadkari. Photo: Hemant Mishra/Mint

New Delhi: Road transport and highways minister Nitin Gadkari will inaugurate the electronic toll collection system on 31 October, a few days later than planned earlier.

“The launching of the electronic toll collection (ETC) system has been rescheduled. The Union minister of road transport and highways, Shri Nitin Gadkari will now inaugurate the system on 31 October instead of 27 October," an official statement said.

ETC has already been installed at 55 toll plazas and their integration with Central Clearing House (CCH) operators has almost been completed on the Delhi-Mumbai route via Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra.

A pilot project for interoperable ETC system of 10 toll plazas between Mumbai (Charoti) and Ahmedabad has already been tested and seamless ETC on this section is successfully in operation.

The central government has issued orders to incorporate ETC lanes as a mandatory clause in the contracts awarded for all the highways projects in future.

“Action will be taken to include ETC system by means of supplementary agreement in those projects which have not yet been started," the statement said.

For implementing ETC across the country, a new company under Company’s Act 1956, with equity participation from National Highways Authority of India (NHAI) (25%), concessionaires (50%) and financial institutions (25%) has already been constituted. The name of the new company is “Indian Highways Management Company Limited".

The company’s objectives include collection of toll through ETC and to manage the project and commercially provide services of central ETC system.

Necessary amendments have already been made in the Central Motor Vehicle Rules, 1989 for fitment of Radio Frequency Identification tag on vehicles for ETC. PTI

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 24 Oct 2014, 09:43 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App