MEP eyes Rs 10,000-cr projects after landing 6 national highway contracts


MEP eyes Rs 10,000-cr projects after landing 6 national highway contracts

MEP Infrastructure Developers is eyeing Rs 10,000 crore worth of contracts to be tendered by the end of the year. The company already has six of the 17 national highway projects that have so far tied up all funds after being bid out on the hybrid annuity model (HAM).

Jayant D Mhaiskar, vice-chairman and managing director of MEP Infrastructure, told Business Standard that these six projects have been bagged by the company since the government started bidding highway contracts on the basis of HAM.

The highway contracts that are in the states of Maharashtra and Gujarat would be commercially operational in the third and fourth quarters of 2019.

In the case of HAM-based projects, the central government pumps in 40 per cent of the total cost of the project. Read More…
Credit By: Business Standard

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