Published On: Mon, Oct 31st, 2016

A2Z Infra says LOI issued to Consortium of A2Z Waste Management

Ministry of Urban Development approves investment of 1.24 lakh cr for urban infrastructure development

A2Z Infra Engineering Ltd has announced that a Letter of Intent (LOI) has been issued to the Consortium of M/s. A2Z Waste Management Ludhiana Ltd.& M/s. A2Z Infraservices Ltd. (“a material subsidiary of the Company”) from South Delhi Municipal Corporation, New Delhi vide LOI dated October 27, 2016 for Integrated Collection & Transport of Municipal Solid Waste & Street Sweeping Waste in South and West Zones of SDMC (South Delhi Municipal Corporation).

The aggregate value of the Contract shall be approx. Rs. 400,00,00,000/- (INR Four Hundred Crores) calculating the collection and transportation charges for the aforesaid contract @ 1,739/- per MT for 787 MT (for evaluation of 2016) Municipal Solid Waste Management (MSW) and Street Sweeping waste for west zone for 8 (eight) years.

Further Price adjustment due to increase or decrease of rates in various components shall be as mentioned in the conditions of the said contact.

 

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