MEP Infrastructure Bags Contract From NHAI
MEP Infrastructure Developers Limited (`MEP') has received the Letter of Acceptance (LOA) dated August 23, 2017 from National Highways Authority of India (NHAI) informing that MEP has been engaged as the "user fee collection Agency on the basis of Competitive Bidding through e-tender for Chennasamudram Fee Plaza at km 104.900 [for a length of 46.500 km] for the section from km 106.800 to km 13.800 (Walajahpet-Poonamallee Section) of NH-4, in the State of Tamil Nadu."
Key highlights of the project are as under:
1. User fee collection rights at Chennasamudram Fee Plaza.
2. Terms of the contract agreement:
a. Period of contract is 1 (one) year.
b. The operations will commence after complying with the statutory formalities viz. submission of Performance Security, signing of contract as stated in the LOA.
3. The contractual amount for the said project is INR. 747.00 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
- Value:INR 747 Million
- Published On:2017-08-24