MEP Infrastructure Developers update on NHAI road project

Image
Capital Market
Last Updated : Jan 23 2019 | 6:31 PM IST
MEP Infrastructure Developers announced that its subsidiary - MEP Longjian VTR has entered into a Concession Agreement with the National Highways Authority of India (NHAI) dated July 4, 2018 for the project of Construction of Eight Laning of existing Four Lane Vadape to Thane from km. 539.202 to km. 563.000 Section of NH-3 (new NH-848) in the State of Maharashtra to be executed on Hybrid Annuity Mode. Key highlights of the Project are as under:
1.Construction Period: 2.5 years from the Appointed Date
3.The Company will receive Bi-Annual Annuity from NHAI post Commercial Operation Date.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jan 23 2019 | 6:04 PM IST

Next Story