Appointed date for project is 05 January 2017
MEP Infrastructure Developers announced that MEP Nagpur Ring Road 1 ("MEP NRR1"), a Subsidiary of the Company, had entered into a Concession Agreement with The National Highways Authority of India ("NHAI") dated 19 May 2016 for Four Laning Stand Alone Ring Road/ Bypass for the Nagpur City Package I from Km 0+500 to Km 34+000 (Design 33+500 Km) in the State of Maharashtra on BOT (Hybrid Annuity) basis.MEP NRR1 had achieved the Financial Closure in terms of the Concession Agreement executed with NHAI ("the Authority"), by tying up of Project Finance of Rs.238.95 crore on 14 October 2016.
The Authority now has given 05 January 2017 as the Appointed Date for the project vide letter dated 09 January 2017.
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