MEP Infrastructure Developers bags NHAI contract worth Rs 74.40 cr

For fee collection at Chennasamudram Fee Plaza in Tamil Nadu state

MEP Infrastructure Developers has received the Letter of Acceptance (LOA) dated 23 August 2017 from National Highways Authority of India (NHAI) informing that MEP has been engaged as 'user fee collection Agency on the basis of Competitive Bidding through e-tender for Chennasamudram Fee Plaza at km 104.900 [for a length of 46.500 km] for section from km 106.800 to km 13.800 (Walajahpet-Poonamallee Section) of NH-4, in the State of Tamil Nadu.'

Key highlights of the Project are :

(i)User Fee Collection rights at Chennasamudram Fee Plaza.
(ii) Terms of the Contract Agmt:a.Period of Contract is 1 (one) year.b.The operations will commence after complying with the statutory formalities viz. submission of Performance Security, signing of Contract as stated in the LOA.
(iii) The contractual amount for the said Project is Rs.74.70 crore payable to NHAI on a weekly basis over a period of 1 (one) year.

 

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