MEP Infra Achieves Financial Closure For The Projects Of NHAI
MEP Infrastructure Developers Limited informs that the following Special Purpose Vehicle (SPV's) of the Company viz.: (i) MEP Longjian ACR Private Limited, (ii) MEP Longjian CLR Private Limited and (iii) MEP Longjian Loha Waranga Road Private Limited have achieved the Financial Closure as per the Concession Agreement executed with the National Highways Authority of India (NHAI) for the project(s) as detailed below:
| Name of the SPV | MEP Longjian ACR Private Limited | MEP Longjian CLR Private Limited | MEP Longjian Loha Waranga Road Private Limited |
| Project Particulars | Four Laning of AusaChakur Section of NH361 from km. 55.835 to km. 114.345 (Design length 58.51 km.) under NH (0) in the State of Maharashtra on Hybrid Annuity Mode. | Four Laning of Chakur - Loha Section of NH-361 from km. 114.600 to km. 187.800 (Design length 73.345 km.) under NH (0) in the State of Maharashtra on Hybrid Annuity Mode. | Four Laning of Loha - Waranga Section of NH-361 from km. 187.800 to km. 244.369 (Design length 56.569 km.) under NH (0) in the State of Maharashtra on Hybrid Annuity Mode. |
| Construction Period | 2 years from the Appointed Date | 2 years from the Appointed Date | 2 years from the Appointed Date |
| Concession Period | 15 years (excluding Construction Period as stated above) | 15 years (excluding Construction Period as stated above) | 15 years (excluding Construction Period as stated above) |
| Bid Project Cost | Rs.848.63 Crores | Rs.1000.10 Crores | Rs.1073.10 Crores |
| O&M Bid Cost from 1st Year of Commercial Operation date (COD) | Rs.2.70 Crores | Rs.2.70 Crores | Rs.3.00 Crores |
| Bi-Annual Annuity | The Company will receive Bi-Annual Annuity from NHAI post Commercial Operation Date (COD). | The Company will receive Bi-Annual Annuity from NHAI post Commercial Operation Date (COD). | The Company will receive Bi-Annual Annuity from NHAI post Commercial Operation Date (COD). |
The Funding of Bid Project Cost will be done as under:
| Name of the SPV | MEP Longjian ACR Private Limited | MEP Longjian CLR Private Limited | MEP Longjian Loha Waranga Road Private Limited |
| Project Finance | Rs 407.34 Crores | Rs 480.05 Crores | Rs 515.09 Crores |
| Grant from NHAI | Rs 339.45 Crores | Rs 400.04 Crores | Rs 429.24 Crores |
| Equity Contribution of Subsidiary Company | Rs 101.84 Crores | Rs 120.01 Crores | Rs 128.77 Crores |
| Total | Rs 846.63 Crores | Rs 1000.10 Crores | Rs 1073.10 Crores |
