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MEP Infrastructure gets rights to collect user fee through Fee Collecting Agency

17 Nov 2015 Evaluate

MEP Infrastructure Developers has been awarded by the National Highways Authority of India (NHAI) the rights for Collection of user fee through Fee Collection Agency through on the basis of competitive bidding through (e-tender) for Surjapur Toll Plaza at Km 451.00 for the section from Km 447 to Km 498.970 (Dalkhola - Islampur) of National Highway No. 31, in the State of West Bengal. MEP has received the Letter of Acceptance (LOA) on November 16, 2015 from NHAI.

The operations will commence within 12 days from date of this LOA after complying the statutory formalities viz. submission of performance security, signing of contract and the period of the contract is 1 year. The contractual amount for the said project is around Rs 42.03 crore payable to NHAI on a weekly basis over a period of 1 year.

MEP Infrastructure Developers is engaged in tolling operations of the road infrastructure sector, with a pan-India presence. MEP Infra is in the business of pure toll collection projects as well as OMT projects, which involve maintenance obligations in addition to toll collection on operational roads (including highways) constructed by third parties.

MEP Infrastructure Share Price

0.92 0.01 (1.10%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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