MEP Infrastructure Developers’ Subsidiary Company--MEP Longjian VTR has achieved financial closure as per the Concession Agreement executed with the National Highways Authority of India (NHAI) dated July 04, 2018 for the project of Construction of Eight Laning of existing Four Lane Vadape to Thane from km. 539.202 to km. 563.000 Section of NH-3 (new NH-848) in the State of Maharashtra to be executed on Hybrid Annuity Mode by tying up of Project finance of Rs 567.78 crore.
The Bid project cost is Rs 1182.87 crore out of which Project finance will contribute Rs 567.78 crore and remaining contribution will be funded by grant of Rs 473.15 crore from NHAI and Equity Contribution of Rs 141.94 crore of the Subsidiary Company.
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 | 3959.90 |
| Rail Vikas Nigam | 275.10 |
| NCC | 153.05 |
| KEC International | 573.95 |
| Kalpataru Projects | 1181.65 |
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