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MEP Infrastructure Developers updates on toll tax collection project

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Capital Market

Its consortium executes concession agreement with Delhi Municipal Corporation

MEP Infrastructure Developers announced that the Company is part of a Limited Liability Partnership (along with 3 other Partners) named SMYR Consortium LLP ("SMYR") in which MEP is currently holding 25% stake. SMYR has executed a Concession Agreement on 11 May 2015 (titled - Toll Tax Collection and Toll Plaza Development Agreement) with South Delhi Municipal Corporation ('SDMC') for the toll tax collection at border points from specified commercial vehicles entering Delhi ("the Project").

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First Published: May 13 2015 | 12:51 PM IST

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