MEP Infrastructure Developers Ltd. announced that it has received the letter of appointed date from the National Highways Authority of India (NHAI) for the 8 laning of existing 4-lane Vadape to Thane from km 539.202 to km 563.000 section of NH-3 (new NH-848) in the State of Maharashtra to be executed on Hybrid Annuity Mode. Total Length 23.798 kms. MEP had achieved financial closure for this project in terms of the concession agreement executed with NHAI, by tying up project finance of Rs. 567.78 crore. The foundation stone was laid at the hands of Devendra Fadnavis, Hon’ble Chief Minister, Government of Maharashtra, and was presided by Nitin Gadkari, Hon’ble Union Minister of Road Transport, Highways and Shipping, Government of India in the gracious presence of Chandrakantdada Patil Hon’ble Minister of Revenue & Public Works Department (Excluding Public Undertakings), Govt. of Maharashtra and Eknath Shinde Hon’ble Minister of Public Works (Public Undertakings), Health & Guardian Minister, Dist. Thane, Govt. of Maharashtra at Dive Anjur in Thane district. Commenting on this achievement Jayant Mhaiskar, Chairman and Managing Director, MEP Infrastructure Developers Ltd. said, “We are proud of this achievement which reaffirms the positivity of the Hybrid Annuity model that has been propagated by the ministry. MEP is currently one of the bigger players in the Hybrid Annuity space with 10 successful bids for projects across Maharashtra and Gujarat aggregating Rs 7,942 crore covering 1,893 lane kms.”
Project details:
- The old national highway No. 3, popularly known as Mumbai Agra Road is a busy corridor with exceptionally high traffic connects Mumbai, Thane, Nashik, Dhule, Indore, Gwalior, Dholpur and Agra.
- The project corridor Vadape-Thane Section of NH 3 starts from 539+202 km at Vadape and ends at 563+000 km at Thane near Majiwade Junction. It is a well-designed 4 lane divided corridor carrying heavy traffic. The total length of the stretch is 23.227 km.
- The Project consists of widening and construction of existing 4 lane road to 8 lane road with cement concrete pavement for 23.798Kms.
- The Project envisages one new railway over bridge and two new major bridges on Thane Creek. The package also includes 2 minor bridges, 84 nos. of culverts, 1 grade separator, 8 Vehicular underpasses at the strategic locations to serve better connectivity and 1 foot-over bridge.
- All bridges, junctions and various wayside amenities including truck lay byes, bus lay bye, medical aid post, traffic aid post and rest areas will be aesthetically designed to make the journey convenient, time and fuel saving and hassle-free.
- The total project cost of Vadape to Thane package is Rs1182.87 crore with the construction period of 30 months from the appointed date.