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MEP Infra wins proj from NHAI in Gujarat at Rs 643 cr bid cost

MEP Infra wins proj from NHAI in Gujarat at Rs 643 cr bid cost

MEP Infrastructure said it has won a highways project from NHAI in Gujarat in a joint venture (JV) with its Spanish partner at a bid cost of Rs 643 crore.


MEP Infrastructure Developers Ltd in a JV with its Spanish partner has received Letter of Award from National Highways Authority of India (NHAI) for a project under the Hybrid Annuity namely four laning of Talaja-Mahuva section in Gujarat with bid project cost Rs 643.05 crore, the company said in a statement.


“We have been able to maintain our winning run after being declared as successful bidder (L1) for the consecutive 5th project in last 8 weeks’ time for the Hybrid Annuity project.


We are happy to enter Gujarat for Hybrid Annuity Project and we are confident of completing the projects in a stipulated time frame and with the desired quality to play a significant role in the country’s infrastructure development,” said Jayant D Mhaiskar, Vice-Chairman and Managing Director, MEP Infrastructure Developers Ltd.


The project is under new Hybrid Annuity Mode, which is a mix of engineering, procurement and construction (EPC) and build operate transfer (BOT) system.


The Authority and the private companies share the total project cost in the ratio of 40:60, respectively.


MEP Infrastructure Developers has formed a joint venture with Sanjose India Infrastructure & Construction Pvt Ltd with two holding a share of 60 per cent and 40 per cent.