MEP Infrastructure today said it has won a contract for toll collection at the border points entering Delhi from specified commercial vehicles for a period of five years.
"MEP Infrastructure Developers has been given the Letter of Award from office of the Director Local Bodies (Toll Tax Department) for Toll & Environment Compensation charges (ECC) collection at the border points entering Delhi from specified commercial vehicles," it said in a statement.
As per the contract, the company has been engaged as the contractor for South Delhi Municipal Corporation (SDMC) for toll and ECC collection for a period of five years for Rs 1,206 crore per annum payable to SDMC on a weekly basis.
The company said operations of the project will commence after complying with the statutory formalities like submission of performance security and signing of contract.
MEP Infra has pan India footprint in operation, maintenance, transfer and tolling operations in road infrastructure and recently forayed into the EPC (engineering, procurement and construction) space with the win of six hybrid annuity mode projects in Maharashtra and Gujarat.
The company commenced its business in December 2002 with collection of toll at the five Mumbai entry points and as on date, it has completed 116 projects with an aggregate of 218 toll plazas and 1,349 lanes, it said.
MEP Infra has 10 operational projects - 6 toll collection projects in 6 states, 3 OMT projects and 1 BOT (build, operate,transfer) project.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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