Brief: MEP Infrastructure Developers says JV gets LoA from NHAI worth 6.05 bln rupees

MEP Infrastructure Developers

27/06/2016 07:21

June 27 (Reuters) - MEP Infrastructure Development Ltd  MPIN.NS : 
 * JV has received on June 27, 2016 the letter of award dated June 25, 2016 from NHAI 
 * Bid project cost is 6.05 billion rupees 
 * LoA for four laning of Mahuva to Kagavadar of NH-8E in the state of Gujarat 
 * Four laning construction period 2.5 years from the appointed date 
 * Source text: 
MEP Infrastructure Developers Ltd has informed BSE that MEP Infrastructure Developers Limited - Sanjose India Infrastructure & Construction Pvt. Ltd. - JV has received on June 27, 2016 the Letter of Award ('LOA') dated June 25, 2016 from NHAI (National Highways Authority of India) for the following Project: Four Laning of Mahuva to Kagavadar of NH-8E from Km. 100.100 to Km. 139.915 (Design Chainage from Km. 100.450 to Km. 140.470) (Package III) in the State of Gujarat on Hybrid Annuity Mode under NHDP Phase IV Key highlights of the Project are as under: i) Construction Period: 2.5 years from the Appointed Date. ii) Concession Period: 15 years (excluding Construction Period of 2.5 years). iii) The Bid Project Cost is Rs. 604.68 Crores (Rupees Six Hundred Four Crores and Sixty Eight Lacs) and O&M Bid is Rs. 8.46 Crores (Rupees Eight Crores and Forty Six Lacs) for the First Year. 
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