MEP Infrastructure Developers Limited - Sanjose India Infrastructure & Construction Pvt. Ltd. - JV has received Letter of Award ('LOA') dated May 26, 2016 from NHAI (National Highways Authority of India) for the project Four Laning of TALAJA- MAHUVA Section of NH - 8E from KM. 53.585 TO KM. 100.100 (design chainage from KM. 54.990 TO KM.100.450) (PACKAGE - II) in the state of Gujarat on Hybrid Annuity mode under NHDP Phase IV.
The construction period is 2.5 years from the appointed date and the concession period is for 15 years (excluding construction period of 2.5 years).
The bid project cost is Rs. 643.05 crores and O&M bid is Rs. 9 crores for the first year. The company will receive bi-annual annuity from NHAI post commercial operation date (COD).