MEP Infra awarded Delhi Entry Points Toll Collection Project for tenure of...

MEP Infra awarded Delhi Entry Points Toll Collection Project for tenure of 5 years

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MEP

MEP Infrastructure Developers Ltd  has been awarded the Letter of Award from Office of the Director Local Bodies (Toll Tax Department).

This has been given for Toll & Environment Compensation charges (ECC) Collection at the border Points entering Delhi from specified commercial vehicles.

The company has been engaged as the Contractor for SDMC (Lead Corporation acting on behalf of all the three Corporations) for Toll and ECC collection for a period of five years for Rs 1,206 crore per annum payable to SDMC on a weekly basis.

The operations of the project will commence after complying with the statutory formalities.viz. submission of Performance Security, signing of contract as stated in the LOA.

Brief About MEP Infrastructure Developers Ltd:

MEP Infrastructure Developers Ltd. (BSE Script Code: 539126; NSE Script Code: MEP) an established and leading Infrastructure player.

They have pan India footprint in OMT and tolling operations in the road infrastructure sector has recently made it’s foray into the EPC space with the win of 6 HAM projects in Maharashtra and Gujarat.

MEP commenced its business in December 2002, with a collection of toll at the five Mumbai Entry Points and as on date, the Company has completed 116 projects, with an aggregate of 218 toll plazas and 1349 lanes.

The company currently has 10 operational projects–6 toll collection projects in 6 states, 3 OMT projects (covering 1,361.32 lane kms and 9 toll plazas) and 1 BOT project (covering 42 lane km and 5 toll plazas).

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