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Punj Lloyd inks MoU with Hopetech for toll collection

Steel News - Published on Tue, 30 Nov 2010

Engineering and construction conglomerate Punj Lloyd said that it has signed a memorandum of understanding with Malaysian firm Hopetech Sdn Bhd for automated electronic toll collection and a central toll clearing house in India.

Hopetech Sdn Bhd a leading provider of integrated solutions in automated revenue collection and Punj Lloyd Group, the diversified global engineering, procurement and construction conglomerate today signed a Memorandum of Understanding in Kuala Lumpur, Malaysia to offer cost effective and robust integrated solutions for automated electronic toll collection and a Central Toll Clearing House in India.

The MOU will offer the following
1. The Electronic Toll Collection a technology that allows electronic payment of highway tolls through vehicle to roadside communication technologies. It performs an electronic monetary transaction between a vehicle passing through a toll plaza and the toll collection agency. This technology can replace manual toll collection at toll booths and allow automated transactions enabling seamless travel by the road users along National Highways. States can also collect transit taxes through this system.

2. Central Toll Clearing House to develop and operate a pre-paid account that will provide seamless integration of payment at all electronic toll booths. As a vehicle passes through the ETC lane of any toll plaza across the country, appropriate toll will be debited from the user account which is registered to the tag on the vehicle. In addition the CTCH will manage the financial transactions relating to toll collection (recharging, toll debiting, payment to the toll concessionaires, customer service, distribution of tags, settlement and clearing, reports/ statements to users, toll concessionaires and Government etc.

Speaking on the agreement, Mr SS Raju president & CEO Buildings & Infrastructure of Punj Lloyd said that “We are extremely pleased to enter into this strategic partnership with Hopetech. Hopetech’s expertise in providing a wide spectrum of automated toll revenue collection systems, and road telematics will complement our capabilities to execute toll road projects and will open up new opportunities for us. Use of ETC system will play a key role in successful implementation of Indian Government’s decision for use of RFID cards in all vehicles.”

Speaking on the agreement, Mr Zainalhanif Zulkifli CEO of Hopetech said that “We are honored to partner a conglomerate like Punj Lloyd in this prestigious national project that will bring convenience to the highway user, and operational efficiency to the toll operator thereby improving the overall system of toll collection. Such a move would also position Hopetech to reap the opportunities offered in India as its infrastructure spending is estimated at USD 1.7 trillion spread over a decade. No doubt, this holds enormous possibilities for Hopetech to work with Punj Lloyd as most of these projects will involve public-private partnership.”

Posted By : admin on Tue, 30 Nov 2010
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