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MEP signs concession deals worth Rs.41 bn with NHAI
01 Aug 2018
Road developer and operator MEP Infrastructure's four SPVs have signed concession agreements worth Rs 41 bn with the NHAI. The concession period is fixed at 15 years. MEP Infrastructure will get the bi-annual annuity from NHAI post the Commercial Operation Date. All four projects are in Maharashtra and will be executed on Hybrid Annuity Mode, model under which the government infuses 40 per cent of equity during first five years through annual payments.