MEP Infra wins Rs 1,763 crore contracts from NHAI, Road Ministry – Feedback

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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