3 government bodies sign a memorandum of understanding for the development of multimodal logistics parks


Bharatmala Pariyojna: Three government bodies sign MoU for development of multimodal logistics parks

Photo: ET now digital

Union Ministers Nitin Gadkari, Sarbananda Sonowal and VK Singh witnessed the signing of the Tripartite Agreement between National Highways Logistics Management Limited (NHLML), Inland Waterways Authority of India (IWAI) and Rail Vikas Nigam Limited (RVNL) for the rapid development of Multi modern Modal Logistics Parks (MMLP) under the Bharatmala Pariyojna.

The Ministry of Road Transport and Highways said in a statement that the agreement underlines the model of cooperation and collaboration between the three agencies to ensure efficient logistics movements within the country.

The agreement aims to centralize the consolidation of freight and reduce logistics costs from 14% to less than 10% of GDP, at the level of international standards.

MMLP will be a cargo handling facility, with rail and road access, including container terminals, cargo terminals (bulk, breakbulk), warehouses, cold storage facilities, for mechanized material handling and for providing value-added services such as customs clearance with bonded storage yards, quarantine areas, testing facilities and warehousing management services, etc. as well as other associated facilities, the ministry statement added.

Developed according to a “Hub & Spoke” model, the MMLP will integrate several modes of freight transport via highways, railways and inland waterways.

The MMLP project is set to develop a state-of-the-art large-scale warehousing facility for different types of goods, to become a one-stop solution for all services related to the movement of goods, such as warehousing, customs clearance, parking, truck maintenance, etc.

MMLPs will focus on a technology-driven implementation for a state-of-the-art freight management system. Many value-added services such as packaging, repackaging and labeling will be available in these projects.

The NHLML is a Special Purpose Vehicle (SPV) of the National Highway Authority (NHAI) of the Ministry of Road Transport and Highways, while the IWAI is a statutory authority under the Ministry of Ports, Shipping and Waterways . RVNL is a public sector company wholly owned by the Ministry of Railways. Signatories to the agreement were Prakash Gaur, President and Chief Executive Officer (CEO), NHLML; Ravi Kant, Chief Engineer and Project Manager for IWAI and Vikas Awasthi, Executive Director (Planning), RVNL.

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