MEP Infrastructure Developers Ltd on Thursday said it has received Letter of Acceptance (LoA) from the National Highways Authority of India (NHAI) for the collection of toll at Surajbari Toll Plaza in Kutch district of Gujarat.
The listed company will collect toll at Surajbari for one year, according to a press release here.
The amount payable to NHAI for the said project is Rs.74.07 crore on a weekly basis, Jayant D. Mhaiskar, Vice Chairman and Managing Director, MEP Infrastructure Developers Ltd, said, adding his company was also the current toll operator at Surajbari Toll Plaza.
MEP Infra is a leading player in tolling operations in the road infrastructure sector having a pan-India presence, with focus on pure toll collection projects as well as OMT projects, which involve maintenance obligations in addition to toll collection on operational roads (including highways) constructed by third parties.
MEP commenced its business with collection of toll at five Mumbai entry points in December 2002. As on August 31, 2015, MEP had completed 84 projects, with an aggregate of 143 toll plazas and 919 lanes.