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| Exchange Received Time 29/06/2017 09:32:20 Exchange Disseminated Time 29/06/2017 09:32:26 Time Taken 00:00:06 | | We wish to inform you that MEP Infrastructure Developers Ltd (MEP) has received Letter of Acceptance(LOA) dtd June 28, 2017 from Maharashtra State Road Development Corporation Ltd (MSRDC) informing that MEP has been engaged for Operation & Maintenance of Rajiv Gandhi Sea Link and Toll Plaza & Collection of Toll on Whole Upfront basis. Key highlights are: (i) Operation and Maintenance of Rajiv Gandhi Sea Link (RGSL) Project and Toll Plaza & Collection of Toll at RGSL (ii) Terms of the Contract Agreement: (a)Period of the Contract is 156 weeks (3 years) from the date of work order (b) The operations will commence within 45 days from the date of this LOA; after complying the statutory formalities viz. submission of performance security, signing of contract etc. (iii) The contractual amount for the said Project is Rs. 325.08 Crores (Rupees Three Hundred and Twenty Five Crores and Eight Lakhs Only) payable to MSRDC on Whole Upfront basis |
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