MBL Infrastructures has been awarded the project of developing a 46.98 km road from Garra-Waraseoni up to Maharashtra Border in the state of Madhya Pradesh by Madhya Pradesh Road Development Corporation (MPRDC).
MPRDC shall pay an annuity of Rs 8.15 crore every six months. Besides annuity, MBL shall have the right to collect toll from the road users. The concession period is 15 years and the construction period is 730 days. The project cost is over Rs 100 crore. The project will be executed through a 100% owned subsidiary.
The company already has an operational BOT project of 114 km long Seoni-Garra-Balaghat-Gondia Road in Madhya Pradesh. The company is also executing Waraseoni Lalbarra Road project on Annuity + Toll basis and Seoni-Katangi to Maharashtra Border Road project on BOT basis in nearby areas. The financial closures for these projects have already been achieved.
