<p>The Centre is working on to introduce new toll collection system on highways, Union Road Transport Minister Nitin Gadkari said on Thursday.</p>.<p>The government finalised the new toll collection system. It will be implemented in collaboration with the Russian government.</p>.<p>The new toll collection system would directly deduct the money from the linked bank account, Gadkari said while speaking at the ASSOCHAM Foundation Week.</p>.<p>The recent passenger and commercial vehicles come with GPS. The government is likely to announce steps to install GPS systems in old vehicles too.</p>.<p>“We have thoroughly examined and finalized the GPS-based toll collection system with the help of the Russian government. And within 2 years, India would be toll booth-free. The GPS system will be used to track the vehicles and the due amount would be deducted from the respective bank accounts,” Gadkari said.</p>.<p>He also said once the GPS based toll collection system introduced, the National Authority of India (NHAI) could attract a revenue of Rs 1.34 lakh crore in 5 years.</p>
<p>The Centre is working on to introduce new toll collection system on highways, Union Road Transport Minister Nitin Gadkari said on Thursday.</p>.<p>The government finalised the new toll collection system. It will be implemented in collaboration with the Russian government.</p>.<p>The new toll collection system would directly deduct the money from the linked bank account, Gadkari said while speaking at the ASSOCHAM Foundation Week.</p>.<p>The recent passenger and commercial vehicles come with GPS. The government is likely to announce steps to install GPS systems in old vehicles too.</p>.<p>“We have thoroughly examined and finalized the GPS-based toll collection system with the help of the Russian government. And within 2 years, India would be toll booth-free. The GPS system will be used to track the vehicles and the due amount would be deducted from the respective bank accounts,” Gadkari said.</p>.<p>He also said once the GPS based toll collection system introduced, the National Authority of India (NHAI) could attract a revenue of Rs 1.34 lakh crore in 5 years.</p>