MEP Infrastructure has won three contracts worth Rs 1,763 crore in Maharashtra and Rajasthan from NHAI and the Ministry of Road Transport and Highways (MoRTH).  “MEP Infrastructure Developers Ltd in a joint venture (JV) with its Spanish partner has received letters of award (LOAs) for Rs 1,762.98 crore from NHAI and MORTH,” the company said in a statement today.

 

The LOAs bagged by MEP are as per the new hybrid annuity mode, which is a mix of engineering, procurement and construction (EPC) and build operate transfer (BOT) system under which government provides 40 per cent grant-in aid while the rest has to be arranged by the developer.

 

http://economictimes.indiatimes.com/industry/indl-goods/svs/construction/mep-infra-wins-rs-1763-crore-contracts-from-nhai-road-ministry/articleshow/51713779.cms

 

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