MEP Infra Gets NHAI Toll Collection Contract In Tamil Nadu
MEP Infrastructure Developers Limited (MEP) has received the Letter of Acceptance (LOA) dated July 5, 2018 from the National Highways Authority of India (NHAI) informing that MEP has been engaged as the Contractor for collection of user fee at Paranur Fee Plaza at km 52.820 for the section from km 28.000 to km 74.500 (Tambaram - Tindivanam Section) on NH - 45 in the State of Tamil Nadu.
Key highlights of the Project are as under:
(i) User Fee Collection rights at Paranur Fee Plaza.
(ii) Terms of the Contract Agreement:
a. The operations will commence within 2 (Two) days after complying with the statutory formalities viz. submission of performance security and the signing of the contract;
b. Period of the Contract is 1 (one) year.
(iii) The contractual amount for the said Project is INR 1050.3 million payable to NHAI on a weekly basis over a period of 1 (one) year.
- Issued By:NATIONAL HIGHWAYS AUTHORITY OF INDIA
- Bagged By:
- Region:Southern India
- State:Tamil Nadu
- Industry:Other Services
- Published On:2018-07-06