+
NHAI subsidiary for logistics movement in India
ROADS & HIGHWAYS

NHAI subsidiary for logistics movement in India

The National Highways Authority of India (NHAI) has constituted a logistics subsidiary—National Highways Logistics Management Company (previously Cochin Port Road Private Ltd) for logistics movement across the country, transferring the existing nine contracts to the arm.

NHAI changed Cochin Port Road Private Ltd's name to National Highways Logistics Management Company to oversee multimodal logistics parks and port connectivity projects in the country.

The proposal to make the firm a holding company for all logistics special purpose vehicles (SPVs) was mooted in November last year. All the previous SPVs have been merged into this subsidiary, and also the new ones will be formed by the entity.

The government believes that having a dedicated entity for cargo movement between ports and roads will lead to revenue and fuel savings.

The idea to create a single entity for port-led development is to enhance port-road connectivity for seamless logistics movement and to improve first-mile connectivity.

The roads will be built in such a way that they will not impact city traffic despite all-day truck movement. The Ministry of Road Transport and Highways (MoRTH) plans to develop multimodal logistics parks under its logistics efficiency enhancement programme (LEEP) in 15 locations across India at a cost of Rs 33,000 crore.

In 2016, the ministry had said it would take up 82 road projects, along with the NHAI, under the Bharatmala scheme, to improve port connectivity.

The projects are a segment of the broader highway expansion plans for connecting economic hubs to major and minor ports through road and rail.

Under the Bharatmala project, MoRTH will review the national highway network to improve connectivity to coastal and border areas and religious and tourist places.

Image source

Also read: ICRA Ratings: Indian logistics sector revives significantly

Also read: NHAI SPV raises Rs 9,731 cr for Delhi-Mumbai expressway

The National Highways Authority of India (NHAI) has constituted a logistics subsidiary—National Highways Logistics Management Company (previously Cochin Port Road Private Ltd) for logistics movement across the country, transferring the existing nine contracts to the arm. NHAI changed Cochin Port Road Private Ltd's name to National Highways Logistics Management Company to oversee multimodal logistics parks and port connectivity projects in the country. The proposal to make the firm a holding company for all logistics special purpose vehicles (SPVs) was mooted in November last year. All the previous SPVs have been merged into this subsidiary, and also the new ones will be formed by the entity. The government believes that having a dedicated entity for cargo movement between ports and roads will lead to revenue and fuel savings. The idea to create a single entity for port-led development is to enhance port-road connectivity for seamless logistics movement and to improve first-mile connectivity. The roads will be built in such a way that they will not impact city traffic despite all-day truck movement. The Ministry of Road Transport and Highways (MoRTH) plans to develop multimodal logistics parks under its logistics efficiency enhancement programme (LEEP) in 15 locations across India at a cost of Rs 33,000 crore. In 2016, the ministry had said it would take up 82 road projects, along with the NHAI, under the Bharatmala scheme, to improve port connectivity. The projects are a segment of the broader highway expansion plans for connecting economic hubs to major and minor ports through road and rail. Under the Bharatmala project, MoRTH will review the national highway network to improve connectivity to coastal and border areas and religious and tourist places.Image source Also read: ICRA Ratings: Indian logistics sector revives significantly Also read: NHAI SPV raises Rs 9,731 cr for Delhi-Mumbai expressway

Next Story
Infrastructure Transport

Cabinet Clears Rs 15.07 Bn Greenfield Airport Project in Kota-Bundi

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the Airports Authority of India’s (AAI) proposal for the development of a Greenfield Airport at Kota-Bundi, Rajasthan, at an estimated cost of Rs 15.07 billion.Kota, located on the banks of the Chambal River, is widely recognised as the industrial capital of Rajasthan and a prominent educational coaching hub. To support the region’s growing needs, the Government of Rajasthan has handed over 440.06 hectares of land to AAI for the project.The new Greenfield Airport will be designed to handle oper..

Next Story
Infrastructure Urban

Govt may extend MSME NPA classification period to 180 days

The Union government is considering a proposal to extend the non-performing asset (NPA) classification period for loans to micro, small and medium enterprises (MSMEs) from the existing 90 days to 180 days, according to a senior government official who requested anonymity.“The proposal to extend the loan default period for MSMEs from 90 days to 180 days is likely to be taken up by the Cabinet soon,” the official said.The move is expected to provide relief to cash-strapped MSMEs, especially against the backdrop of steep US tariffs, giving them more time to regularise their loan repayments.Ne..

Next Story
Infrastructure Urban

FedEx, IIT Madras Launch SMART Centre for Sustainable, AI-led Logistics

FedEx has partnered with the Indian Institute of Technology (IIT) Madras to inaugurate the SMART Centre (Supply Chain Modelling, Algorithms, Research and Technology Centre) on the institute’s campus. The facility will drive innovation in sustainable and AI-driven logistics solutions. Backed by a five-year $5 million grant from FedEx, the SMART Centre aims to combine advanced research, digital technologies, and industry expertise to transform supply chains with a focus on agility, resilience, and environmental responsibility.The centre will also spearhead interdisciplinary projects in ar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?