Equitas Small Finance Bank said in a statement on Friday that it has launched a FASTag powered truck terminal at Khalapur in Maharashtra. Equitas SFB has tied up with Maharashtra State Road Development Corporation Limited (MSRDC) and Ocean Highway Facilities and Solutions Pvt Ltd for this.
According to the statement, the terminal has a capacity of 160 trucks, which can be parked at any time. The bank said that at this junction, more than 350 trucks arrive at the terminal in a day. Equitas SFB stated that from January 26, 2021, Fastag is mandatory on the Mumbai-Pune Expressway, and the parking plaza is just one km away. Explain that cashless payment facility will start after FASTag becomes mandatory. This will save fuel and time significantly, as drivers will not have to stop at the toll plaza.
If you are traveling on any road on national highways in India from February 15 and crossing any toll plaza, it is very important to have FASTag on your car. From 15 February without FASTags you may find it difficult to cross the toll. Recently, the Union Ministry of Road Transport and Highways has given the deadline for FASTag mandatory for toll collection at the toll plaza of National Highways across the country. FASTag).
Now the train drivers will be able to install FASTag on their trains by 15 February 2021. Earlier this deadline was January 1, 2021. The Central Government has decided to make Fastag mandatory for all four-wheelers to make toll collection at toll plazas easy and safe as well as to get rid of the long traffic jams. Electronic payment of vehicles can be made with the help of FASTag and the government has been making efforts for this for a long time. Currently, the share of transactions made through FASTag is around 75 to 80 percent.