PM Gati Shakti: NHAI Subsidiary To Develop Rs 1,770 Crore Multi-Modal Logistics Park In Bengaluru
Bengaluru's logistics landscape set for transformation with NHAI's multi-modal logistics park project.
National Highways Logistics Management Limited (NHLML) has signed an agreement for the development of multi modal logistics park (MMLP) in Bengaluru.
It is proposed to be developed under the public private partnership model at an estimated cost of Rs 1,770 crore. NHLML is a subsidiary of National Highway Authority of India (NHAI).
The agreement has been signed between the government special purpose vehicle (SPV), Bengaluru MMLP and concessionaire SPV PATH Bengaluru Logistics Park.
The MMLP is being developed in an area of 400 acre at Muddelinganahalli in Bengaluru rural district in Karnataka.
The project is poised to become the first and largest MMLP ever implemented in the country under the PM Gati Shakti National Master Plan.
To facilitate seamless logistics movement, the site is strategically located adjacent to the upcoming KIADB Industrial Area on east side, abutting the NH 648, Dabbaspet to Hosur as well as Satellite Town Ring Road on North side and Bengaluru-Hubli-Mumbai rail line on South side.
Bengaluru MMLP is located at a distance of 58 km from Bengaluru Airport and 48 km from Bengaluru city railway station.
The MMLP will be developed in three phases. The first phase is expected to be completed in two years. MMLP will cater to about 30 million metric tonnes cargo by the end of concession period of 45 years and will give huge boost to the industrial zones in the catchment region such as Bengaluru and Tumkur.
A government SPV is incorporated between National Highways Logistics Management Limited, Rail Vikas Nigam Limited and Karnataka Industrial Area Development Board (KIADB).
Development of MMLP is a key initiative of the government of India to improve the country's freight logistics sector by enabling efficient inter-modal freight movement to lower overall freight costs and time, provide efficient warehousing, improve tracking and traceability of consignments thereby enhancing the efficiency of the Indian logistics sector.
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