MEP Infrastructure Developers Limited receives Letter of Acceptance (LOA) from RIDCOR

MEP Infrastructure Developers Limited, has received the Letter of Acceptance (LOA) from Road Infrastructure Development Company of Rajasthan Limited (RIDCOR) for Collection of Toll for 197 days commencing 17.09.2015 on the Phalodi-Pachpadra-Ramji Ki Gol Road Corridor with Four Toll Plazas at the following locations

Section 1: At Kolu Village at Km 22 for the stretch from Km 0 to Km 75 of Phalodi-Pachpadra Section for 50 Km excluding NH section of 25 Km

Section 2: At Kelankot Village at Km 124 for the stretch from Km 75 to Km 150 of Phalodi- Pachpadra Section for 75 Km

Section 3:At Bhooka Bhagat Singh Village at Km 205 for the stretch from Km 150 to Km 222.50 of Pachpadra-Ramji Ki Gol Section for 64.5 Km excluding NH Section.

Section 4: At Naya Nagar Village at Km 262 for the stretch from Km 222.50 to Km 287 of Pachpadra-Ramji Ki Gol Section for 64.5 Km

The amount payable to RIDCOR for the said project is Rs.43,79,31,000/- (Rupees Forty Three Crore Seventy Nine Lakhs and Thirty One Thousand Only.) for the total period of 197 days payable on weekly basis.

Speaking on the occasion, Mr. Jayant D. Mhaiskar, Vice Chairman & Managing Director, MEP Infrastructure DevelopersLimited says, “We are very glad to get this project awarded for 2nd time in a row from RIDCOR which we have been operating since September, 2010.”

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