The deal, executed at Rs 3,110 crore, will give Adani control over four stretches of toll roads in Andhra Pradesh and Gujarat and is expected to be completed by September
The development comes at a time when the shipping ministry stares at under-utilisation of assets since there has been slow progress on road and railway connectivity projects
FASTags are prepaid rechargeable tags affixed on the windshield of vehicles for toll collection on national highways. They work with Radio Frequency Identification (RFID) technology
The much-awaited Delhi-Meerut Expressway (DME), pegged as a smart highway, was opened for public on Thursday after the completion of its remaining stretches.
Toll collection has restarted since, but there is unlikely to be a V-shaped revival in traffic after the lockdown ends - probably - on May 17. There will only be a gradual return to normalcy
Almost 90 per cent toll plazas are ready with FASTag infrastructure as of now and only some new toll plazas will face teething issues, the minister said