NHAI signs agreement to develop Multi Modal Logistics Park at Bengaluru

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NHAI
NHAI

National Highways Logistics Management Ltd (NHLML), a wholly-owned subsidiary of NHAI, has inked an agreement for the development of a Multi Modal Logistics Park (MMLP) in Bengaluru. This MMLP is set to become India’s largest and marks a significant step in the implementation of the PM Gati Shakti National Master Plan.

The MMLP, estimated to cost Rs 1,770 crore, will be established through a Public Private Partnership (DBFOT) model. The agreement has been signed between the Government SPV, Bengaluru MMLP Pvt. Ltd., and Concessionaire SPV M/s. PATH Bengaluru Logistics Park Pvt. Ltd.

Spanning across 400 acres in Muddelinganahalli, Bengaluru rural district, Karnataka, this project enjoys a strategic location adjacent to the upcoming KIADB industrial area on the East, NH 648 (Dabbaspet to Hosur) on the West, Satellite Town Ring Road on the North, and the Bengaluru – Hubli – Mumbai rail line on the South. It is also conveniently situated 58 km from Bengaluru Airport and 48 km from Bengaluru city railway station.

The MMLP will be developed in three phases, with the first phase expected to be completed within two years. By the end of its 45-year concession period, the Bengaluru MMLP aims to handle around 30 million metric tonnes (MMT) of cargo, providing significant support to industrial zones in the region.

A Government SPV has been formed, featuring NHLML, Rail Vikas Nigam Limited (RVNL), and Karnataka Industrial Area Development Board (KIADB), to oversee this project.

The development of the MMLP aligns with the Government of India’s vision to enhance the nation’s freight logistics sector, optimize inter-modal freight movement, reduce overall freight costs and time, enhance warehousing capabilities, and improve tracking and traceability for efficient logistics operations in India.

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