MEP Longjian Loha Enters Concession Agreement With NHAI For Loha - Waranga Project
MEP Longjian Loha Waranga Road Private Limited - subsidiary company of the MEP Infrastructure Developers Limited had entered into a Concession Agreement with the National Highways Authority of India (NHAI) dated July 4, 2018 for the project of 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.
Key highlights of the Project are as under:
2. Concession Period: 15 years (excluding Construction Period of 2 years).
3. The Company will receive Bi-Annual Annuity from NHAI post-Commercial Operation Date(COD).
MEP Longjian Loha Waranga Road Private Limited had achieved the Financial Closure in terms of the Concession Agreement executed with NHAI ("the Authority"), by tying up of Project Finance ofRs. 515.09 Crores (Rupees Five Hundred Fifteen Crores and Nine Lakhs) on March 11, 2019.
The Authority now has given March 25, 2019, as the Appointed Date for the project vides letter dated March 25, 2019.
