MEP Infra Subsidiary Enters Into Concession Agreement With NHAI


MEP Sanjose Mahuva Kagavadar Road Private Ltd a subsidiary of MEP Infrastructure Developers Ltd has entered into a concession agreement with National Highways Authority of India (NHAI) for the project of four lanning of Mahuva to Kagvadar of NH-8E from km 100.100 to km 139.915 (Package -III) in the state of Gujarat on Hybrid Annuity Mode under NHDP Phase IV.

The construction period is 2.5 years from the appointed date. The concession period is for 15 years (excl construction period of 2.5 years). The bid project costs Rs 604.68 crores out of which project finance will contribute Rs 272.11 crore and remaining  will be granted by NHAI and equity contribution by the company. The authority has provided May 15, 2017 as the appointed date.

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