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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
Borrowing up seven times in five years, growing at a CAGR of 47.6 per cent from Rs 45,300 crore at the end of March 2016
Moving on to technology, the new leap of faith is that toll collections are poised to shift to a GPS-based system
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.
Vehicles without FASTag would have to to pay double the toll fee at electronic toll plazas from Monday midnight
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
This move will draw a fine line of functional balance of public-private partnership for development of highway infrastructure in the country
From December 15, 2019 FASTag will be mandatory. If FASTag is missing from your vehicle, the driver will have to pay double the toll tax
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
Expressing concern over the rising instances of road accidents, he said his ministry is working towards ensuring safe travel on the highways
Booths may be kept 50 km apart for seamless travel
Many countries like US, Australia have been doing trials on the distance-based electronic tolling