Punj Lloyd Group signs memorandum of understanding with Hopetech
29 November 2010
Punj Lloyd Group today signed a memorandum of understanding (MoU) with Hopetech Sdn Bhd, a provider of integrated solutions in automated revenue collection, to offer cost effective integrated solutions for automated electronic toll collection and a central toll clearing house in India.
''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,'' said S S Raju, president and CEO, buildings and infrastructure, Punj Lloyd Group.''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.''
The ETC system, once implemented, will lead to savings on fuel, reduction of emissions from idling and repeated stops for vehicles at toll plazas, reduced traffic congestion and time to commute, the company said in a statement.
It would also mean less operating cost for toll operators, better audit control through centralised user accounts, transparency of toll transactions and reduction in revenue leakages.
Hopetech is a solutions provider and enabler for automated revenue collection, road telematics and secure electronic payment systems in the transportation and electronic purse sectors. It has a presence in Malaysia, Thailand, Philippines, Indonesia and India.
The Punj Lloyd Group is a diversified international conglomerate offering engineering, procurement and construction services in energy and infrastructure along with engineering and manufacturing capabilities in the defence sector.