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.