MUMBAI NASIK EXPRESSWAY LIMITED (MNEL)
Mumbai Nasik Expressway connects one of the most important gateways - Mumbai to Northern, Central and Eastern part of India. At the time when the BOT project was awarded - it was the largest BOT road project in India. The project involves four- laning of the 99.5 km Vadape-Gonde (Mumbai-Nasik) section of the National Highway-3.
The client is National Highways Authority of India.
The Partners in the SPV are Gammon, Sadbhav Engineering Limited and B.E. Billimoria & Co. Limited.
The project achieved financial closure and is in the construction phase.
MNEL will have a revenue stream comprising of Toll collections. MNEL can also start collecting toll during the construction period on completion of at least 50 km of a continuous stretch of the project highway including the Kasara Ghat By-pass. The concession/ licence period for this project is 20 years that runs until October 2025.
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