MBL Infrastructures bags two NHAI projects worth Rs 2,126 crore

MBL Infrastructures (MBL) has been awarded two projects worth Rs 2,126 crore on DBFOT Hybrid Annuity basis by National Highways Authority of India (NHAI).

The first project worth Rs 942 crore is for four laning of Chutmalpur-Ganeshpur section of NH-72A from km 0.000 (km 22.825 of NH-73) to km 16.000 (Design Chainage km 17.900) & Roorkee-Chutmalpur-Gagalheri section of NH-73 from km 0.000 (km 167.800 of NH-58) to km 33.000 (Design Chainage km 35.400) in the state of Uttarakhand and Uttar Pradesh under NHDP-IV.

The second order worth Rs 1,184 crore is for four laning of Gagalheri-Saharanpur-Yamunanagar (UP/Haryana Border) section of NH-73 from km 33.000 (design chainage km 35.400) to km 71.640 (design chainage km 86.855) in the state of Uttar Pradesh under NHDP-IV.

During construction, 40% of the bid project cost (Rs 376.80 crore + Rs 473.60 crore) will be funded by NHAI and the balance 60% (Rs 565.2 crore + Rs 710.4 crore) will be arranged by the concessionaire. During the operation period, NHAI will pay concessionaire this 60% (adjusted for inflation during construction period) in semiannual payments along with interest thereon at Bank Rate + 3% and also semi-annual payments for Operations & Maintenance totaling Rs 300 crore for both the projects (which will be further adjusted for inflation).

MBL Infrastructures is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients.