Corporate News 15-Nov-11
MBL Infrastructures secures project
MBL Infrastructures has been awarded the project for strengthening, widening, maintaining and operating of Waraseoni-Lalbarra Road of Madhya Pradesh on BOT (Annuity & Toll) basis by Madhya Pradesh Road Development Corporation (MPRDC). The concession period is 15 years. MPRDC will contribute annuity of Rs 84.76 crore. Besides this, MBL shall also have the right to collect toll. The length of the project highway is 18.303 kms and the construction period is 730 days. The project will be executed through a 100% owned subsidiary, MBL (MP) Toll Road Company. The project road starts from SH-54 at Waraseoni and extends upto SH-26 junction at Lalbarra.
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