MEP Infrastructure Developers’ subsidiary -- MEP Sanjose Nagpur Ring Road 2 has achieved the Milestone II for the project of Four Lane Stand Alone Ring Road/ Bypasses for Nagpur City, Package-II from km 34+500 to km 62+035 (Total Length 28+035 km) in the State of Maharashtra on BOT (Hybrid Annuity) basis as per the Concession Agreement.
The Company has received the Milestone II payment for 40% of the physical progress for the project on July 19, 2018.
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.
