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| Exchange Disseminated Time 12/04/2016 12:48:05 | MEP Infrastructure Developers Ltd has informed BSE that the Company in Joint Venture with Sanjose India Infrastructure & Construction Pvt. Ltd has been declared as the Successful Bidder [L1] by MORTH (Ministry of Road Transport and Highways) for the following Project:
Four Laning of Kante - Waked section of NH-17 (New NH-66) from km. 281.300 to km 332.200 (Total length 50.900 km) in the State of Maharashtra under NHDP Phase-IV on Hybrid Annuity Mode
Key highlights of the Project are as under:
i) Construction Period : 2 years from the Appointed Date
ii) Concession Period : 15 years (excluding Construction Period of 2 years)
iii) The Net Present Value (NPV) of Bid Project Cost and O&M Bid is of Rs.805.59 Crores (Rupees Eight Hundred Five Crores and Fifty Nine Lacs) [L1].
iv) The Company will receive Bi-Annual Annuity from MORTH post Commercial Operation Date (COD). |
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