Facility receives first rake of 123 Maruti Cars
The Multi Modal Logistics Park Limited, Nagpur (MMLP Nagpur) at Sindi, near Wardha, has commenced its commercial operations with a goal to establish a faster link, the Ministry of Road Transport & Highways said on 30 April.
The MMLP Nagpur established by National Highway Logistics Management Limited (NHLML), a 100% owned company of National Highways Authority of India (NHAI), received its first rake of 123 Maruti Cars from Ex-Farukhnagar on 28 April marking a major achievement for the facility.
NHLML has signed an agreement with a private developer for the Multi Modal Logistics Park (MMLP) in an area of 150 acres in three phases under Public-Private Partnership model with Concession Period of 45 years, at an estimated cost of Rs.673 crore.
Phase-I will be developed with an investment of Rs.137 crore, the Ministry said.
An Authority SPV, Maharashtra MMLP Pvt Ltd, is formed between National Highways Logistics Management Limited (NHLML) and Jawaharlal Nehru Port Authority (JNPA), has to provide land, external rail and road connectivity as well as water and power supply for development of MMLP.
The MMLP will provide facilities such as warehouses, cold storages, intermodal transfers, handling facilities for container terminals, bulk / break-bulk cargo terminals along with Value Added Services such as sorting / grading and aggregation / desegregation areas, bonded warehouse and customs facilities as well as support logistics facilities such as offices for freight forwarders and transporters and truck terminals.
Development of MMLP Nagpur will help improve country’s freight logistics sector by enabling efficient inter-modal freight movement to lower overall freight costs and time; providing efficient warehousing, improved tracking and traceability of consignments, thereby enhancing efficiency of the Indian logistics sector.
It will further create employment opportunities and bring in economic development in the region, the Ministry added. fiinews.com
