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| Exchange Disseminated Time | MEP Infrastructure Developers Ltd has informed BSE that the Company in Joint Venture with Sanjose India Infrastructure & Construction Pvt. Ltd. has received Letter of Award ('LOA') dated March 31, 2016 from NHAI (‘National Highways Authority of India’) for the following Project:
Four Lane Stand Alone Ring Road/Bypasses for Nagpur City, Package-II from km 34+500 to km 62+035. (Total Length - 28+035 km) in the State of Maharashtra on BOT (Hybrid Annuity) basis.
Key highlights of the Project are as under:
i) Construction Period : 30 Months from the Appointed Date.
ii) Concession Period: 15 years (excluding Construction Period of 30 Months).
iii) The Bid Project Cost is Rs. 639.00 Crores (Rupees Six Hundred Thirty Nine Crores) and O&M Bid is 6.75 Crores (Rupees Six Crores and Seventy Five Lacs) for the First Year.
iv) The Company will receive Bi-Annual Annuity from NHAI post Commercial Operation Date (COD). |
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