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MEP Infrastructure Developers provides update on road project of Arawali-Kante section on NH-66

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Capital Market

Achieves financial closure for project of Rs 266.84 crore

MEP Infrastructure Developers announced that MEP SANJOSE Arawali Kante Road- Subsidiary Company of the Company, has achieved the financial closure as per the Concession Agreement executed with the Ministry of Road Transport and Highways ['MORTH') dated June 28, 2016 for the Rehabilitation and up-gradation of NH-66 (Erstwhile NH-17] from km.241/300 to km 281/300 [Arawali-Kante section] to Four Lane with paved shoulder in the State of Maharashtra under NHDP IV on Hybrid Annuity Mode (HAM) by tying up of Project finance of Rs. 266.84 crore.

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First Published: Jan 19 2017 | 6:47 PM IST

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