MEP Infrastructure Developers has received the Letter of Acceptance (LoA) from the National Highways Authority of India (NHAI) informing that the company has been engaged as the contractor for the Project of ‘Collection of user fee through Fee Collection Agency on the basis of competitive Bidding for Paduna Toll Plaza at Km. 311.100 for the section Km. 278.000 to Km. 348.000 [Udaipur- Kherwada] of NH No. 8 in the State of Rajasthan’.
The operations will commence within 2 days after complying the statutory formalities viz. submission of performance security, signing of contract as per the LoA and the period of the contract is 1 year. The contractual amount for the said project is around Rs 128.07 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.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
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