+
MEP Infrastructure achieves financial closure for three HAM projects
Real Estate

MEP Infrastructure achieves financial closure for three HAM projects

MEP Infrastructure Developers has announced the successful financial closure of three of its hybrid annuity projects in Maharashtra, namely, four-laning of Ausa-Chakur, Chakur-Loha, and Loha-Waranga Section of NH-361, in accordance with the concession agreement executed with the National Highways Authority of India (NHAI).  The lead banker for these projects is YES Bank. 

With the announcement, the company has now achieved a financial closure for all of its HAM projects and is currently one of the biggest players in this space with a basket of 10 projects in the states of Maharashtra and Gujarat, aggregating Rs 79.42 billion, covering 1,893 lane km. 

The funding for these projects will be done as under:

Name of the SPV 

MEP Longjian ACR

(Ausa-Chakur)

MEP Longjian CLR

(Chakur-Loha)

MEP Longjian Loha Waranga Road

(Loha-Waranga)

 

(i)

Project Finance

 

Rs 4.07 billion

Rs 4.80 billion

Rs 5.15 billion

(ii)

Grant from NHAI

 

Rs 3.39 billion

Rs 4 billion

Rs 4.29 billion

(iii)

Equity Contribution of Subsidiary Company

Rs 1.01 billion

Rs 1.2 billion

Rs 1.28 billion

Total

Rs 8.48 billion

Rs 10 billion

Rs 10.73 billion


Key highlights of the project are as under:

Name of the projects 

Four-laning of Ausa-Chakur section

Four-laning of Chakur-Loha section

Four-laning of Loha-Waranga section 

Project particulars

Four-laning of Ausa-Chakur section of NH-361 from 55.835 km to 114.345 km (design length 58.51 km), under NH (O) in Maharashtra on hybrid annuity mode.

Four-laning of Chakur-Loha section of NH-361 from 114.600 km 187.800 km (design length 73.345 km)under NH (O) in Maharashtra on hybrid annuity mode.

Four-laning of Loha-Waranga section of NH-361 from 187.800 km to 244.369 km (design length 56.569 km)under NH (O) in the Maharashtra on hybrid annuity mode.

(i)

Construction Period

Two years from the 

appointed date

Two years from the 

appointed date

Two years from the 

appointed date

(ii)

Concession Period

15 years (excluding construction period as stated above)

 

(iv)

Bi-Annual Annuity

The company will receive bi-annual annuity from NHAI post commercial operation date (COD).

MEP Infrastructure Developers has announced the successful financial closure of three of its hybrid annuity projects in Maharashtra, namely, four-laning of Ausa-Chakur, Chakur-Loha, and Loha-Waranga Section of NH-361, in accordance with the concession agreement executed with the National Highways Authority of India (NHAI).  The lead banker for these projects is YES Bank. With the announcement, the company has now achieved a financial closure for all of its HAM projects and is currently one of the biggest players in this space with a basket of 10 projects in the states of Maharashtra and Gujarat, aggregating Rs 79.42 billion, covering 1,893 lane km. The funding for these projects will be done as under:Name of the SPV MEP Longjian ACR(Ausa-Chakur)MEP Longjian CLR(Chakur-Loha)MEP Longjian Loha Waranga Road(Loha-Waranga) (i)Project Finance Rs 4.07 billionRs 4.80 billionRs 5.15 billion(ii)Grant from NHAI Rs 3.39 billionRs 4 billionRs 4.29 billion(iii)Equity Contribution of Subsidiary CompanyRs 1.01 billionRs 1.2 billionRs 1.28 billionTotalRs 8.48 billionRs 10 billionRs 10.73 billionKey highlights of the project are as under:Name of the projects Four-laning of Ausa-Chakur sectionFour-laning of Chakur-Loha sectionFour-laning of Loha-Waranga section Project particularsFour-laning of Ausa-Chakur section of NH-361 from 55.835 km to 114.345 km (design length 58.51 km), under NH (O) in Maharashtra on hybrid annuity mode.Four-laning of Chakur-Loha section of NH-361 from 114.600 km 187.800 km (design length 73.345 km), under NH (O) in Maharashtra on hybrid annuity mode.Four-laning of Loha-Waranga section of NH-361 from 187.800 km to 244.369 km (design length 56.569 km), under NH (O) in the Maharashtra on hybrid annuity mode.(i)Construction PeriodTwo years from the appointed dateTwo years from the appointed dateTwo years from the appointed date(ii)Concession Period15 years (excluding construction period as stated above) (iv)Bi-Annual AnnuityThe company will receive bi-annual annuity from NHAI post commercial operation date (COD).

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?