An arm of the National Highways Authority of India (NHAI) is set to construct a logistics park in Bengaluru with an investment of Rs 1,770 crore. The project, which will be developed under a public-private partnership model, is set to be the first and largest Multi Modal Logistics Park (MMLP) in the country. This initiative is part of the PM Gati Shakti National Master Plan, as stated in an official announcement on September 18.
National Highways Logistics Management Ltd (NHLML), a subsidiary of NHAI, has entered into an agreement for the development of the MMLP in Bengaluru. The project is estimated to cost Rs 1,770 crore. The agreement was signed between Bengaluru MMLP Pvt Ltd a government Special Purpose Vehicle (SPV) — and concessionaire SPV M/s PATH Bengaluru Logistics Park Pvt Ltd. The government SPV was formed between NHLML, Rail Vikas Nigam Ltd, and Karnataka Industrial Area Development Board.
The MMLP will be developed in three phases on a 400-acre area at Muddalinganahalli in Bengaluru’s rural district. The first phase is expected to be completed within two years. The MMLP aims to handle approximately 30 million metric tonnes of cargo by the end of the concession period of 45 years.
The development of the MMLP is a significant initiative by the central government to enhance the country’s freight logistics sector. It aims to facilitate efficient inter-modal freight movement, reduce overall freight costs and time, provide efficient warehousing, and improve tracking and traceability of consignments. The Bengaluru MMLP is located 58 km from the Bengaluru airport and 48 km from the Bengaluru city railway station.