Image Representing NHAI Signs Agreement for Construction of Multimodal Logistics Park

NHAI Signs Agreement for Construction of Multimodal Logistics Park

NHAI Signs Agreement for Construction of Multimodal Logistics Park in Nagpur

by Nagpur Trends Team | Published on 2023-12-13 18:19:40

On Tuesday, an official announcement revealed that the National Highways Authority of India (NHAI), a state-owned entity, has agreed to develop a multimodal logistics park (MMLP) in Nagpur, with an estimated cost of ₹673 crore.

As per the statement, this venture is anticipated to be the first Medium-Term Loan Program (MMLP) in Maharashtra under the PM Gati Shakti National Master Plan. The announcement reads, "M/s DC Multimodal Park (Nagpur) Limited, an SPV of M/S Delta Bulk Shipping India Pvt. Ltd and NHAI have signed an agreement for the establishment of a Multi-Modal Logistics Park (MMLP) in Nagpur. The project, spanning 150 acres, will be developed using the Public-Private Partnership model, with a projected expenditure of ₹673 crore."