MEP Infra Incorporated Four New SPV Companies For Projects Awarded By NHAI
MEP Infrastructure Developers Limited (MEP) (Lead Member) in Joint Venture with Longjian Road & Bridge Company Limited has incorporated following 4 (Four) new SPV's to execute the below-mentioned projects as per 'Letter of Award' issued by National Highways Authority of India (NHAI). The name of SPVs and details of the projects are as under:
| Name of the SPV | MEP LONGJIAN ACR PRIVATE LIMITED | MEP LONGJIAN CLR PRIVATE LIMITED | MEP LONGJIAN LOHA WARANGA ROAD PRIVATE LIMITED | MEP LONGJIAN VTR PRIVATE LIMITED |
| Project Particulars | Four Laning of Ausa- Chakur Section of NH-361 from km. 55.835 to km. 114.345[Design length58.51 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 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 |
| Construction Period | 2 years from the Appointed Date | 2 years from the Appointed Date | 2 years from the Appointed Date | 2.5 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) | 15 years (excluding Construction Period as stated above) |
| Bid Project Cost | Rs. 848.63 Crore | Rs. 1000.10 Crore | Rs. 1073.10 Crore | Rs. 1182.87 Crore |
| O&M Bid Cost from 1st Year of commercial operation date [COD) | Rs.2.70 Crore | Rs.2.70 Crore | Rs.2.70 Crore | Rs. 4.50 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 Company will receive Bi-Annual Annuity from NHAI post-Commercial operation date (COD) |
