MEP Infrastructure Developers bags letter of agreement worth Rs 325.1 crore for Bandra-Worli sea link. It's an operation and maintenance (O&M) contract for a period of three years.
In an interview to CNBC-TV18, Jayant Mhaiskar, VC & MD of MEP Infrastructure Developers spoke about the O&M contract and latest happenings in the company.
"MEP has been doing the tolling and O&M on behalf of Maharashtra State Road Development Corporation (MSRDC) since 2009 when the bridge was open for traffic," said Mhaiskar.
He further said that sea link will add meaningfully to their toll revenue.
On InvIT front, he expects approval for Infrastructure Investment Trust (InvIT) to come soon.
Watch accompanying video for more details.
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