In a recent announcement by FETC International, a subsidiary of Far Eastern Electronic Toll Collection (FETC), it has been revealed that the company will extend its electronic toll collection contract with the Taiwan Freeway Bureau for an additional 10 years. The initial BOT agreement, which was scheduled to conclude in December 2025, will now be prolonged until the end of 2035. This extension will allow FETC International to continue its toll collection operations and leverage AI and 5G technologies to enhance MLFF ETC operations [cad63870].
FETC International plans to introduce AI weather prediction to its operation and maintenance decision system, further improving the efficiency of its toll collection operations. Additionally, the company manages over 2,000 parking lots and has plans to create a Vehicle as a Service (VaaS) ecosystem. With these advancements, FETC International aims to lead in tolling technology and parking solutions, solidifying its position as a key player in the industry [cad63870].
While FETC International's contract extension with the Taiwan Freeway Bureau focuses on toll collection operations in Taiwan, it highlights the company's commitment to advancing tolling technology and exploring new opportunities in the transportation sector. As the debate over the federal excise tax (FET) on trucks continues in the United States, FETC International's efforts to enhance tolling technology and parking solutions demonstrate the potential for innovation and improvement in the industry [cad63870].
In a separate development, starting in July, CAVITEX, a major expressway in the Philippines, will be toll-free. The decision to make it toll-free aims to alleviate traffic congestion and provide relief to motorists. The toll-free period will be in effect for an unspecified duration and is expected to benefit commuters and travelers using CAVITEX. This move is part of efforts to improve transportation infrastructure in the country [531610c2].