MEP bags toll collection contract from NHAI in Tamil Nadu
Toll road firm MEP Infrastructure Developers has bagged a project-named Athur for short term toll collection in Tamil Nadu for a period of 1 year from National Highways Authority of India (NHAI).
“The company has received the letter of acceptance for the toll collection project at Athur Toll Plaza at 103.500 km on Tambaram to Tindivanam section from km 74.500 to 121.000 km of NH-45 in Tamil Nadu,” the company said.
“The company has committed to an annual remittance of Rs 72.36 core to NHAI for the above mentioned project over the project tenure, payable on a weekly basis,” it said.
Jayant D. Mhaiskar, Vice Chairman & Managing Director, MEP Infrastructure Developers Ltd. said that “MEP has been operating Athur Toll Plaza from last 2 years and now we are very much happy to retain this project 3rd time in a row from NHAI in our order book” Prior to this new project, we have added 9 Short term toll collection projects awarded by NHAI & RIDCOR with Authority remittance of Rs.460.94 Crores.