Blog

NHLML, IWAI & RVNL Sign Tripartite MoU for Swift Development of Modern Multi Modal Logistics Park under Bharatmala Pariyojna

August 25, 2022

The National Highways Logistics Management Limited (NHLML), Inland Waterways Authority of India (IWAI) and Rail Vikas Nigam Limited (RVNL) signed a tripartite agreement for the swift development of modern Multi Modal Logistics Parks (MMLP) under Bharatmala Pariyojna across the country. The MMLPs have been envisaged to act as world-class stations for cargo movement with roadways, railways & inland waterways access, to centralise freight consolidation and reduce logistics costs from 14% to less than 10% of GDP at par with International Standards.

 

Union Minister of Road Transport and Highways Mr Nitin Gadkari, Union Minister of Ports, Shipping & Waterways and Ayush, Mr Sarbananda Sonowal, and Union Minister of State for Road Transport & Highways, Gen (Retd) VK Singh witnessed the signing of the MoU.

 

MMLP will be a freight handling facility with rail and road accessibility, comprising container terminals, cargo terminals (bulk, break-bulk), warehouses, cold storage, facilities for mechanised material handling and value-added services such as customs clearance with bonded storage yards, quarantine zones, testing facilities and warehousing management services etc. along with other associated facilities.

 

Developed under a ‘Hub & Spoke’ model, the MMLP will integrate multiple modes of freight transport through highways, railways & inland waterways. The agreement underlines the cooperation & collaboration model between the three bodies to achieve efficiency in logistics movement within the country.

instagram default popup image round
Follow Me
502k 100k 3 month ago
Share