400-acre Muddelinganahalli MMLP to be developed in three phases
National Highways Logistics Management Ltd (NHLML), a 100% owned company of NHAI, has signed an agreement for the development of Rs.1,770 crore Multi Modal Logistics Park (MMLP) at Bengaluru under the Public Private Partnership (DBFOT) model.
The agreement has been signed between Government SPV, Bengaluru MMLP Pvt Ltd & Concessionaire SPV PATH Bengaluru Logistics Park Pvt Ltd, Ministry of Road Transport and Highways said on 18 Sept 2023.
The MMLP is being developed in an area of 400-acre at Muddelinganahalli in Bengaluru rural district in Karnataka.
The project is poised to become the first and largest MMLP ever implemented in the country under the PM Gati Shakti National Master Plan.
To facilitate seamless logistics movement, the site is strategically located adjacent to the upcoming KIADB industrial area on East side, abutting the NH 648, Dabbaspet to Hosur as well as Satellite Town Ring Road on North side and Bengaluru – Hubli – Mumbai rail line on South side. Bengaluru MMLP is located at a distance of 58 km from Bengaluru Airport and 48 km from Bengaluru city railway station.
The MMLP will be developed in three phases. The first phase is expected to be completed in two years. MMLP will cater to about 30 million metric tonnes (MMT) cargo by the end of concession period of 45 years and will give huge boost to the industrial zones in the catchment region such as Bengaluru and Tumkur.
A Government SPV is incorporated between National Highways Logistics Management Ltd (NHLML), Rail Vikas Nigam Limited (RVNL) amd Karnataka Industrial Area Development Board (KIADB).
Development of MMLP is a key initiative of the Indian Government to improve the country’s freight logistics sector by enabling efficient inter-modal freight movement to lower overall freight costs and time, provide efficient warehousing, improve tracking and traceability of consignments thereby enhancing the efficiency of the Indian logistics sector. Fiinews.com
