MEP Infrastructure Developers has received the Letter of Acceptance (LOA) from National Highways Authority of India (NHAI) informing that MEP has been engaged as user fee collection agency on the basis of Competitive Bidding through e-tender for Chennasamudram Fee Plaza at km 104.900 (for a length of 46.500 km) for section from km 106.800 to km 13.800 (Walajahpet-Poonamallee Section) of NH-4, in the State of Tamil Nadu.
The contract period is for one year and the operations will commence after complying with the statutory formalities viz. submission of Performance Security, signing of Contract as stated in the LOA. The contractual amount for the said Project is Rs 74.70 crore payable to NHAI on a weekly basis over a period of one 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.
