NHAI Indicators Settlement for Multi-Modal Logistics Park Improvement

Nationwide Highways Logistics Administration Ltd (NHLML), a 100% owned firm of NHAI signed an settlement for the event of Multi Modal Logistics Park (MMLP) at Bengaluru proposed to be developed below the Public Personal Partnership (DBFOT) mannequin at an estimated price of Rs 1,770 crore, the settlement has been signed between Authorities SPV, Bengaluru MMLP Pvt. Ltd. & Concessionaire SPV M/s. PATH Bengaluru Logistics Park Pvt. Ltd.

The MMLP is being developed in an space of 400 acre at Muddelinganahalli in Bengaluru rural district in Karnataka. The venture is poised to change into the primary and largest MMLP ever applied within the nation below the PM Gati Shakti Nationwide Grasp Plan.

To facilitate seamless logistics motion, the positioning is strategically situated adjoining to the upcoming KIADB industrial space on East aspect, abutting the NH 648, Dabbaspet to Hosur in addition to Satellite tv for pc City Ring Highway on North aspect and Bengaluru – Hubli – Mumbai rail line on South aspect. Bengaluru MMLP is situated at a distance of 58 km from Bengaluru Airport and 48 km from Bengaluru metropolis railway station.

The MMLP shall be developed in three phases. The primary part is predicted to be accomplished in two years. MMLP will cater to about 30 million metric tonnes (MMT) cargo by the tip of concession interval of 45 years and can give enormous increase to the economic zones within the catchment area equivalent to Bengaluru and Tumkur.

A Authorities SPV is included between Nationwide Highways Logistics Administration Ltd. (NHLML), Rail Vikas Nigam Restricted (RVNL) amd Karnataka Industrial Space Improvement Board (KIADB).

Improvement of MMLP is a key initiative of the Authorities of India to enhance the nation’s freight logistics sector by enabling environment friendly inter-modal freight motion to decrease total freight prices and time, present environment friendly warehousing, enhance monitoring and traceability of consignments thereby enhancing the effectivity of the Indian logistics sector.