NHAI inks agreement to develop Rs. 1770-cr Multi Modal Logistics Park in Bengaluru
The National Highways Logistics Management Ltd (NHLML), a 100% owned company of NHAI, has signed an agreement for the development of Multi Modal Logistics Park (MMLP) in Bengaluru. The proposed project is to be developed under the Public Private Partnership (DBFOT) model at an estimated cost of Rs 1,770 crore. 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. 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 (MMT) 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 Ltd. (NHLML), Rail Vikas Nigam Limited (RVNL) and Karnataka Industrial Area Development Board (KIADB).
📅Published on:
19 September 2023
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with the Government of Bihar to provide financial assistance
Karnataka has drawn up an Economic Master Plan to develop the Bengaluru Metropolitan Region (BMR) as a global growth hub and expand its economy to $400 billion
EMS Ltd has emerged as the lowest bidder (L1) for a Rs 218.65 crore sewerage and septage management project awarded by the Directorate of Local Bodies,
Commerce and Industry Minister Piyush Goyal has said India is the world’s best location for setting up data centres, highlighting the country’s growing
Shri Tarun Kapoor, Advisor to the Prime Minister, chaired a high-level review meeting at Bharat Coking Coal Limited (BCCL) headquarters in Dhanbad on August
According to the latest report by CareEdge Ratings, ‘Infrastructure Landscape: Vision for Viksit Bharat’, India’s infrastructure journey is entering a defining
State-owned NBCC has signed a Memorandum of Understanding (MoU) with NHPC to execute the latter's infrastructure projects across India, primarily covering
The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, will launch fisheries infrastructure projects under the Pradhan Mantri
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
