MEP Infra Appointed As Contractor By The MSRDC For The Collection Of Toll
MEP Infrastructure Developers Limited (`MEP') has been appointed by the Maharashtra State Road Development Corporation Limited, Mumbai ('MSRDC') as contractor for the collection of toll at the toll stations on Bhiwandi Kalyan Shilphata Highway at Katai Toll Plaza (Ch 4/500) and at Gove Toll Plaza ( Ch 18/370) at approved toll rates specified by Govt. of India vide toll notification dated 08.10.2016 on only specified vehicles passing over the said section of road/project as per Letter of Acceptance dated December 23, 2016 received by the company.
Key highlights of the contract agreement:
a. Period of the contract is 156 weeks from the date of authorization by the authority.
b. Bank guarantee of an amount of Rs. 61.65 million being the amount of performance security should be submitted within a period of 10 days from the date of this letter with MSRDC and execute the agreement as well.
(ii) The contractual amount for the said project is Rs.616.50 million with the offer for first year as Rs. 167.48 million.
- Issued By:MAHARASHTRA STATE ROAD DEVELOPMENT CORPORATION LIMITED
- Bagged By:
- Region:Western India
- Industry:Other Services
- Published On:2016-12-26