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| Exchange Received Time 29/09/2017 09:01:29 Exchange Disseminated Time 29/09/2017 09:01:33 Time Taken 00:00:04 | | MEP Infrastructure Developers Limited ('MEP') has been awarded by the Office of the Director Local Bodies (Toll Tax Department) the "Letter of Award" vide Letter no. ADC/TT/HQ/2017/D-503 dated 28/09/2017, to engage MEP as the contractor for SDMC (Lead Corporation acting on behalf of all the three Corporations of Delhi) for collection of Toll Tax & Environment Compensation Charge (ECC) at Border Points from Specified Commercial Vehicles entering Delhi ('Project'). MEP has executed a Contract Agreement on 28/09/2017. The Commercial Operations will commence from 1/10/2017 (06:00 hours) for a period of 5 years. Key highlights of the Project are as under: (i)Toll & Environment Compensation Charge (ECC) collection rights at all entry points to Delhi.(ii) Period of Contract: 5 (Five) years. (iii) The contractual amount for the said Project is Rs.1,206.00 Crores (Rupees Twelve Hundred Six Crores Only) per annum payable to SDMC on a weekly basis. |
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