Appointed date means the date on which financial closure for a project is achieved. It is considered to be the date of commencement of the construction work.
The venture's bid cost is Rs 643.05 crore, of which project finance will contribute Rs 289.37 crore and the rest will be funded by grant from the NHAI and equity contribution by MEP, the company said in a statement issued here.
Currently, MEP has six HAM (hybrid annuity model) projects in its portfolio across Maharashtra and Gujarat worth around Rs 3836.99 crore.