MEP Infrastructure Developers (MEP) in joint venture with Sanjose India Infrastructure & Construction has been declared as the successful bidder by National Highways Authority of India (NHAI) for four laning stand alone ring road/ bypass for the Nagpur city package I in the state of Maharashtra on hybrid annuity mode.
The construction period for the said project is 30 months from the appointment date and concession period is 15 years (excluding construction period of 30 month). The net present value of bid project cost and O&M bid is of Rs 493.89 crore. The company will receive bi-annual annuity from NHAI post commercial operation date.
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.
