For developing a 47 km stretch in Madhya Pradesh MBL Infrastructure on February 9 said it has bagged Rs 100 crore project from the State government. MBL Infrastructure has been awarded the project of developing a 46.98 km road from Garra-Waraseoni up to Maharashtra border in Madhya Pradesh by Madhya Pradesh Road Development Corporation (MRPDC), the company said in a statement.
The MRPDC will pay an annuity of Rs 8.15 crore every six month and MBL will have the right to collect toll from road users for 15 years. It added that the project cost is over Rs 100 crore and will be executed through a wholly owned subsidiary of the company.
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