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| Exchange Disseminated Time 11/01/2017 09:50:04 | MEP Infrastructure Developers Ltd has informed BSE that MEP Nagpur Ring Road 1 Private Limited ("MEP NRR1"), a Subsidiary of the Company, had entered into a Concession Agreement with The National Highways Authority of India ("NHAI") dated May 19, 2016 for Four Laning Stand Alone Ring Road/ Bypass for the Nagpur City Package I from Km 0+500 to Km 34+000 (Design 33+500 Km) in the State of Maharashtra on BOT (Hybrid Annuity) basis.
MEP NRR1 had achieved the Financial Closure in terms of the Concession Agreement executed with NHAI ("the Authority"), by tying up of Project Finance of Rs.238.95 Crores on October 14, 2016.
The Authority now has given January 05, 2017 as the Appointed Date for the project vide letter dated January 09, 2017. |
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