The MMLP Nagpur established by National Highway Logistics Management Limited (NHLML), a 100 per cent owned company of National Highways Authority of India (NHAI) received its first rake of 123 Maruti Cars from Ex-Farukhnagar on April 28 marking a major achievement for the facility.
The Multi Modal Logistics Park (MMLP), Nagpur, developed by NHLML and JNPA, began operations with the arrival of its first cargo on April 28.
Spread over 150 acres and costing ₹673 crore (~$79.42 million), the park aims to boost intermodal freight movement, reduce travel time, and enhance logistics efficiency with warehousing, cold storage, and customs facilities.
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 ₹673 crore (~$79.42 million). Phase-I will be developed with an investment of ₹137 crore.
An Authority SPV, Maharashtra MMLP Pvt Ltd, is formed between National Highways Logistics Management Limited (NHLML) and Jawaharlal Nehru Port Authority (JNPA). The Authority SPV has to provide land, external rail and road connectivity as well as water and power supply for development of MMLP, the Ministry of Road Transport and Highways said in a press release.
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 the country’s freight logistics sector by enabling efficient intermodal 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.
Fibre2Fashion News Desk (RR)
