Cabinet clears ₹3,883-cr multi-modal hub in Noida

The Union Cabinet has approved the construction of multi-modal logistics and transport hub at Greater Noida, entailing an investment of ₹3,883.80 crore. The logistics hub project will be developed as a world-class facility providing efficient storage and transitioning of goods to and from the Dedicated Freight Corridors (DFC) and it will offer a one-stop destination to freight companies and customers. The facility will not just provide standard container handling activities but also various value-added services to reduce logistics cost with improved efficiency of operations. The project is located near the already existing Indian Railways station of Boraki acting as a transport hub with provisioning of rail, road and MRTS accessibility for the passengers in a seamless manner. It will have space for the inter-state bus terminal, local bus terminal, metro, commercial, retail and hotel space and green open spaces. It will provide world-class passenger movement facilities for the growing population of the catchment zone catering to upcoming developments in Uttar Pradesh, sub-region of the NCR. Envisioned on the backbone of major transportation corridors like eastern and western dedicated freight corridors, expressways and national highways, proximity to ports and airports, the objective of industrial corridor program is the creation of greenfield industrial cities with sustainable 'plug and play', ICT enabled utilities to facilitate manufacturing investments into the country by providing quality, reliable, sustainable and resilient infrastructure to industries. In addition, the CCEA also approved proposals of the Department of Promotion of Industry and Internal Trade (DPIIT) for the construction of various trunk infrastructure components for Krishnapatnam Industrial Area in Andhra Pradesh and Tumakuru Industrial Area in Karnataka involving ₹2,139.44 crore and ₹1,701.81 crore investments respectively.