MEP Infrastructure Developers Ltd (MEP) today said it has won a highways project in Gujarat at a bid cost of Rs 604.68 crore.
This is the second project on hybrid annuity mode in Gujarat in less than a month.
“MEP Infrastructure Developers Ltd (MEP) in a joint venture (JV) with its Spanish partner has received the Letter of Award from National Highway Authority of India for yet another project under the Hybrid Annuity Model (HAM) in the state of Gujarat,” the company said in a statement.
The project scope involves four-laning 40 km section of Mahuva to Kagavadar section of NH-8E under National Highways Development Project (NHDP) Phase IV.
“The Bid Project Cost is Rs 604.68 crore and the first year operation and maintenance bid is for Rs 8.46 crore,” the company said.
The construction period is of two years and six months from the appointed date and the concession period is 15 years excluding the construction period.
The company now has a basket of six HAM projects in the states of Maharashtra and Gujarat totaling to Rs 3,837 crore.
The company has 21 operational projects-16 toll collection projects (28 toll plazas) in 8 states, 4 OMT projects (covering 2,334 lane km and 13 toll plazas) and 1 BOT project (covering 42 lane km and 5 toll plazas).