MEP Infra Incorporated Four New SPV Companies For Projects Awarded By NHAI

2018-04-30 Announcements Construction Western India

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)