BIZ BUZZ: NLEx gears up for tech upgrades

The operator of North Luzon Expressway (NLEx) is allocating about P1.4 billion to equip the tollway with technology aimed at making toll transactions seamless.

NLEx Corp. wants to install automatic license plate recognition cameras on all its 315 toll lanes. So far, it has 77 lanes equipped with this technology that capture license plate data from vehicles at barrier-less plazas.

A portion of the budget will be used in deploying high-frequency antennas that can read RFID (radio frequency identification) stickers more efficiently.

The subsidiary of Metro Pacific Tollways Corp. has also invested in additional speed cameras in a bid to strengthen traffic law enforcement.

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“Over the years, NLEX Corporation has shown its commitment to providing world-class service,” NLEx Corp. chief finance officer Maria Theresa Wells said.