+
 NHAI SPV to grant 15 more logistic park contracts over next 3 years
ROADS & HIGHWAYS

NHAI SPV to grant 15 more logistic park contracts over next 3 years

National Highways and Logistics Management Ltd (NHLML), a special purpose vehicle of NHAI, is looking to grant 15 more deals on multimodal logistics parks in the coming three years in public-private partnership (PPP) mode.

The logistic parks will have a 50:50 funding model. Prakash Gaur, chief executive officer (CEO), NHLML, told the media that there are 35 multimodal logistics parks proposed across the nation with a capital allocation of Rs 50,000 crore. Bids have been invited for Indore, Bengaluru, Chennai and Nagpur this fiscal year. The Jogigopha logistics park in Assam has begun development.

The SPV, created under the guidance of the road ministry, plans to address typical price overruns with infrastructure projects. Cost overruns occur due to the time lag between awards of projects and their start. This logistics project is part of the Rs 7-trillion mega infrastructure project rolled out this month.

A multimodal logistics park is one part of the five-corner logistics project envisioned, with intermodal stations, wayside facilities, ropeways, and optical fibre cable infrastructure being its other elements.

Of the 600 wayside facilities proposed across 22 states, about 120, being granted in FY22, are drawing interest from medium-scale operators and developers, mostly domestic. Wayside facilities are small installed amenities involving food courts, fuel stations, washrooms, parking spaces, and first-aid services.

Image Source

Also read: MoRTH to build 35 multi-modal logistics parks under PPP model

National Highways and Logistics Management Ltd (NHLML), a special purpose vehicle of NHAI, is looking to grant 15 more deals on multimodal logistics parks in the coming three years in public-private partnership (PPP) mode. The logistic parks will have a 50:50 funding model. Prakash Gaur, chief executive officer (CEO), NHLML, told the media that there are 35 multimodal logistics parks proposed across the nation with a capital allocation of Rs 50,000 crore. Bids have been invited for Indore, Bengaluru, Chennai and Nagpur this fiscal year. The Jogigopha logistics park in Assam has begun development. The SPV, created under the guidance of the road ministry, plans to address typical price overruns with infrastructure projects. Cost overruns occur due to the time lag between awards of projects and their start. This logistics project is part of the Rs 7-trillion mega infrastructure project rolled out this month. A multimodal logistics park is one part of the five-corner logistics project envisioned, with intermodal stations, wayside facilities, ropeways, and optical fibre cable infrastructure being its other elements. Of the 600 wayside facilities proposed across 22 states, about 120, being granted in FY22, are drawing interest from medium-scale operators and developers, mostly domestic. Wayside facilities are small installed amenities involving food courts, fuel stations, washrooms, parking spaces, and first-aid services. Image Source Also read: MoRTH to build 35 multi-modal logistics parks under PPP model

Next Story
Building Material

UltraTech’s Limestone Mine Gets India’s First-Ever 7-Star Rating

UltraTech Cement, India’s largest producer of cement and Ready-Mix Concrete (RMC), has received top honours for sustainable mining practices. Thirteen of the company’s limestone mines were awarded star ratings by the Indian Bureau of Mines (IBM), Ministry of Mines, for FY 2023–24 during a ceremony held in Jaipur, Rajasthan. Among these, the Naokari Limestone Mine—part of UltraTech’s Awarpur Cement Works in Chandrapur, Maharashtra—was awarded India’s first-ever 7-star rating for a limestone mine, in recognition of exceptional performance in ‘Green Mining’. The remain..

Next Story
Infrastructure Urban

Sieger Parking Enters Mumbai Market, Expands West India Presence

Sieger Parking, a Coimbatore-headquartered specialist in automated and multi-level car parking systems, has announced its entry into Western India with the launch of a regional office in Mumbai. This move marks a key milestone in the company’s pan-India growth strategy and its commitment to delivering technology-driven, space-efficient parking solutions across urban India. The Mumbai office will serve as the regional headquarters for Maharashtra and neighbouring states, supporting end-to-end operations with on-ground sales, project management, and service teams. The aim is to fast-track..

Next Story
Resources

IGBC Green Kochi Conclave 2025 Champions Culture and Climate Action

The Indian Green Building Council (IGBC), part of CII, hosted the Green Kochi Conclave 2025 on 4 July at Hotel Holiday Inn, Kochi, under the theme “Tharavadu to Tomorrow: Weaving Kerala’s Heritage into a Sustainable Built Environment.” The event brought together policymakers, architects, developers, and thought leaders to discuss Kerala’s progress in blending cultural heritage with sustainable design.  Kerala is emerging as a frontrunner in climate-resilient development, thanks to passive design strategies, rainwater harvesting, cool roof initiatives, and the widespread adopt..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?