MEP Infrastructure Developers (MEP) in Joint Venture (JV) with Sanjose India Infrastructure & Construction has been declared as the successful bidder (L1) by National Highways Authority of India (NHAI) for four laning of Mahuva to Kagavadar of NH-8E from Km.100.110 (Design Chainage Km 100.4501 to Km 139.915 (Design Chainage 140.4701 in the state of Gujarat on Hybrid Annuity Mode.
The construction period is for 2.5 years from the appointed date and the concession period is for 15 years excluding construction period of 2.5 years. The Net Present Value (NPV) of bid project cost and O&M Bid is of Rs 586.96 crore. The company will receive Bi-Annual Annuity from NHAI post Commercial Operation Date (COD).
Further, MEP - Sanjose India Infrastructure & Construction - JV, (Hybrid Annuity) order book stands at Rs 3,836.99 crore to be executed over the next 2 % years (from the appointed 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.
