Tuesday, June 28, 2016

MEP IDL bags Rs 605 cr Hybrid Annuity Project in #Gujarat

MEP Infrastructure Developers Ltd (BSE: MEP) in a joint venture (JV) with its Spanish partner has received the Letter of Award from National Highway Authority of India for yet another project under the Hybrid Annuity Model in the state of Gujarat. The project scope involves four laning of Mahuva to Kagavadar section of NH-8E from Km.100.100 to Km 139.915 (Design Chainage from Km. 100.450 to Km. 140.470) (Package – III) under NHDP Phase IV.

The Bid Project Cost is Rs. 604.68 Crores and the first year O&M Bid is for Rs. 8.46 Crores. The Construction period is of 2 years and 6 months from the appointed date and the Concession period is 15 years excluding the Construction period.