MEP Sanjose Talaja Mahuva Road (MEPTM), a subsidiary of MEP Infrastructure Developers, has entered into a concession agreement with National Highways Authority of India (NHAI) for four laning of Talaja Mahuva section of NH8E.
The company will receive bi-annual annuity from NHAI post Comm Operation Date (COD).
The Bid Project Cost is Rs.643.05 crore out of which Project Finance will contribute Rs.289.37 crore and remaining will be funded by grant from NHAI and equity contribution by the company.
MEPTM had achieved the financial closure in terms of the concession agreement executed with NHAI, by tying up of project finance of Rs.289.37 crore on 9 March 2017. NHAI has now given 25 April 2017 as Appointed Date for the project vide letter dated 1 May 2017.
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