MEP Infrastructure Developers in joint venture (JV) with Sanjose India Infrastructure & Construction has been declared as the Successful Bidder [L1] by MORTH (Ministry of Road Transport and Highways) for four Laning of Kante - Waked section of NH-17 (New NH-66) from km. 281.300 to km 332.200 (Total length 50.900 km) in the State of Maharashtra under NHDP Phase-IV on Hybrid Annuity Mode.
The construction period for the said project is 2 years from the appointment date and concession period is 15 years (excluding construction period of 2 years). The Net Present Value (NPV) of bid project cost and O&M bid is Rs 805.59 crore. The company will receive bi-annual annuity from MORTH post commercial operation date (COD).
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.
