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| Exchange Received Time 28/03/2018 15:01:18 Exchange Disseminated Time 28/03/2018 15:01:22 Time Taken 00:00:04 | | We wish to inform that MEP Infrastructure Developers Limited ('MEP') (Lead Member) in Joint Venture with LongJian Road & Bridge Company Limited has emerged as a preferred Bidder (L1) by National Highways Authority of India ('NHAI') for the following Project:Construction of 8 (Eight) Laning of existing 4 (Four) Lane VADAPE to THANE from km. 539.202 to km. 563.000 Section of NH-3 (new NH-848) in the State of Maharashtra to be executed on Hybrid Annuity Mode (HAM).Key highlights of the Project are as under:(i)Construction Period:2.5 years from the Appointed Date.(ii)Concession Period:15 years (excluding Construction Period of 2.5 years).(iii)The Bid Project Cost is Rs. 1,182.87 Crores (Rupees One Thousand One Hundred Eighty Two Crores and Eighty Seven Lacs) and O&M Bid is Rs.4.50 Crores (Rupees Four Crores and Fifty Lacs) for the First Year.(iv)The Company will receive Bi-Annual Annuity from NHAI post Commercial Operation Date (COD). |
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