The company will get right to develop, design, finance, construct, operate and maintain the commercial facilities to be leased upto period of 90 years.
The company has received a LoA for a road contract from Ministry of Road Transport & Highways (MoRTH) through CE (NH) PWD, Government of Karnataka for a total value of Rs 242.56 crore.
The Project involves construction of seven elevated metro stations, and three at-grade stations (North South Corridor) viz Congress Nagar to Khapri. The Project is to be completed in 110 weeks from the date of issue of LOA.
The operations will commence within 12 days from the date of this LOA after complying the statutory formalities.
The project involves engineering, procurement, and construction (EPC) with a completion period of 36 months.
MEP Infrastructure has received letter of acceptance for two projects from NHAI. It has got the rights to collect toll fee at NH-31 in West Bengal and Dasna toll plaza, a section of NH24 in Uttar Pradesh for a period of one-year.
Lanco Infratech will be developing Tasra coal mine for Steel Authority of India Limited (SAIL). It was the successful bidder for selection of a mine developer and operator by SAIL.