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Tuesday, 13 June 2017

MEP Infrastructure Developers gained as much as 4% during Tuesday’s trading session, after there was buzz in the market regarding tie ups with overseas companies.

A leading news agency reported that the company is in talks with Japanese, South Korean 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, 40% of the total cost is to be invested by the Government during the construction period and 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 kilometres.

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