 "Traffic passes a BP gas station on the North Circular Road in London")
MEP Infrastructure Developers, in a joint venture with its Spanish partner, has been declared as a successful bidder (L1) by National Highways Authority of India (NHAI) for four laning of Talaja — Mahuva Section of NH 8E from Km 53.585 to Km 100.100 (including design chainage from Km 54.990 to Km 100.450) in Gujarat at a bid of Rs 643.05 crore. The project will be undertaken under the hybrid annuity model.
“We have been able to maintain our winning run after being declared as the successful bidder (L1) for the consecutive fifth project in the last eight weeks’ for the hybrid annuity project,” said Jayant D Mhaiskar, vice-chairman and managing director, MEP Infrastructure Developers.
Hybrid Annuity Mode is a mix of engineering, procurement and construction (EPC) and build operate transfer (BOT) system. NHAI and the private companies share the total project cost in the ratio of 40:60, respectively. This model of BOT Hybrid Annuity will aid in reviving the highway sector in the country, said the company in a press statement.
MEP Infrastructure Developers has formed a joint venture with Sanjose India Infrastructure & Construction with each holding 60% and 40%, respectively.
The first year operation and maintenance bid is Rs 9 crore. The construction period is of 30 months from the appointed date and the concession period is 15 years excluding the construction period.
The MEP JV has also received letter from MORTH for the following hybrid annuity projects. Rehabilitation and upgradation of NH-66 (erstwhile NH-17) from km. 241/300 to km 281/300 (total length – 40/000 Km) on Arawali - Kante section in Maharashtra to four lane at a bid project cost is Rs 592.98 crore and O&M bid is Rs 5.67 crore for the first year.
Besides, it has also bagged package I and II for four lane ring road and bypasses Nagpur City on BOT (Hybrid Annuity) basis from NHAI at a total cost of Rs 1,170 crore and O&M cost of first year of Rs 13.05.
The company’s order book for the hybrid annuity projects now stands at Rs 3,232.31 crore, Mhaiskar added.
