Govt to set up 35 Multi Modal Logistics Parks in country at cost of Rs 50,000 Cr
Union Minister for Road Transport and Highways, Nitin Gadkari has said that the government plans to set up 35 Multi-Modal Logistics Parks in the country at a total cost of 50,000 crore rupees.
Addressing the National Conference on Investment Opportunities in Highways, Transport and Logistics in Mumbai, Mr. Gadkari said these parks have been conceptualized to enable seamless intermodal freight movement and offer multiple functionalities such as freight aggregation and distribution, storage and warehousing solutions and value-added services such as custom clearances and IT services.
He added that all these Multi-Modal Logistics Parks will be developed as part of the Design, Build Finance, Operate and Transfer model. Mr Gadkari said his ministry will execute infrastructure projects worth 7 lakh crore rupees in the next 2-3 years.