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MEP Infrastructure Developers announced it has been awarded a three-year, ₹325-crore OMT (operate, maintain, transfer) contract for the maintenance and collection of toll at the Bandra-Worli Sea Link in Mumbai, by the Maharashtra State Road Development Corporation (MSRDC).
The contract amount is payable to MSRDC on a whole upfront basis.
OMT generally includes road maintenance and property management, renewal and engineering improvement, as well as incident management, among other activities. The company has already been handling operation and maintenance of the project since 2014, and collecting toll for the project since its inception in July 2009.
MEP Infrastructure currently has eight operational projects — four toll-collection projects (five toll plazas) in five States, three OMT projects (covering 1,361.32 lane km and nine toll plazas) and one BOT project (covering 42 lane km and five toll plazas).
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