Tripartite agreement for development of modern Multi Modal Logistics Parks under Bharatmala Pariyojna Signed.

August 25, 2022

Road Transport and Highways Minister Nitin Gadkari, Minister of Ports, Shipping and Waterways Sarbananda Sonowal and Minister of State for Road Transport and Highways V K Singh witnessed signing of tripartite agreement for swift development of modern Multi Modal Logistics Parks MMLP under Bharatmala Pariyojna across the country.
The objective of the agreement is to centralize freight consolidation and reduce logistics cost from 14 per cent to less than 10 per cent of GDP at par with International Standards.
The tripartite agreement was signed by National Highways Logistics Management Limited NHLML, Inland Waterways Authority of India IWAI and Rail Vikas Nigam Limited RVNL.
MMLP will be a freight handling facility with rail and road accessibility, comprising of 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.