MEP Infrastructure Stocks Rise After Talks of Tie Up with Overseas Companies
DSIJ Intelligence / 13 Jun 2017
After a buzz in the market regarding tie ups with overseas companies, MEP Infrastructure Developers gained as much as 4% during Tuesday’s trading session.
After a buzz in the market regarding tie ups with overseas companies, MEP Infrastructure Developers gained as much as 4% during Tuesday’s trading session.
It was reported by a leading news agency that the company is in talks with South Korean, Japanese and Chinese companies for a joint venture (JV) to bid for road projects under the hybrid annuity model (HAM) in India.
Under the new Toll-Operate-Transfer model, the road toll management company is in talks with two big overseas funds to form a JV to bid for projects.
Under the hybrid annuity model, the total cost will be shared by the government and developer, with government investing 40 percent of the cost and the remaining 60% cost will be contributed by developer.
The company over the past years has bagged 6 HAM projects, worth Rs 3,836.99 crore, covering 1,059.97 lane kilometers.
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