MEP Infrastructure gets rights to collect user fee through Fee Collecting Agency

MEP Infrastructure Developers (MEP) has been awarded by Mumbai-JNPT Port Road Company ‘Authority’ (A SPV of National Highways Authority of India (NHAI)) the rights for Collection of user fee through User Fee Collection Agency on the basis of competitive bidding at Km 9.100 (Toll Plaza near Dastan Village) for Widening/ Improvement in Km 6.400 to 14.500 (SH-54) and Km 0.000 to Km 6.202 of Amra Marg including construction of new six lane bridge on Panvel Creek in the State of Maharashtra. MEP has received the Letter of Acceptance (LOA) on November 19, 2015 from the Authority.

The operations will commence within 12 days from date of this LOA after complying the statutory formalities viz. submission of performance security, signing of contract and the period of the contract is 1 year. The contractual amount for the said project is around Rs 21.60 crore payable to Authority on a weekly basis over a period of 1 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.