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| Exchange Disseminated Time 12/09/2016 08:59:49 | MEP Infrastructure Developers Ltd has informed BSE that Raima Toll & Infrastructure Pvt Ltd ('RT&IPL"), a Wholly Owned Subsidiary of MEP Infrastructure Development Ltd (‘MEP’) has received 4 (Four) Letter of Award’s (LOA) dated September 09, 2016 from National Highways Authority of India (NHAI) informing that ("RT&IPL") has been engaged as “User Fee Collection Agency through e-quotation (e-tender) for the following projects:-
Kev highlights of the Project(s) are as under;
1. User Fee Collection rights at (i) Salaipudhur Fee Plaza (ii) Ettuvattam Fee Plaza (iii) Kappalur Fee Plaza and (iv) Nanguneri Fee Plaza, on NH-7 in the State of Tamil Nadu (Madurai-Tirunelveli - Panagudi - Kanyakumari Section)
2. Terms of the Contract Agreement:
- Period of the Contract is 3 [Three) months for each Plaza.
- The operations will commence within 5 working days after complying the statutory formalities viz. submission of performance security, signing of contract as per the LOA.
3. The Daily Remittance for (i) Salaipudhur Fee Plaza is Rs. 10,80,000/- (ii) Ettuvattam Fee Plaza is Rs. 10,80,000/- (iii) Kappalur Fee Plaza is Rs. 13,50,000/-and (iv) Nanguneri Fee Plaza is Rs. 11,34,000/-; payable to NHAI. |
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