Recently, the Special Purpose Vehicle (SPV) responsible for the development of the Multi Modal Logistics Park (MMLP) entered into an agreement with G R Logistics Park, the appointed developer. The objective is to develop the park in three phases, with the first phase set to be completed by 2025, thereby commencing commercial operations.The MMLP, located near Pithampur in the Dhar district, spans an area of 255.17 acres and is being developed under the Public-Private Partnership (PPP) mode, specifically the Design-Build-Finance-Operate-Transfer (DBFOT) model. The estimated total project cost is Rs 11.106 billion.Pratul Sinha, the executive director of the Madhya Pradesh Industrial Development Corporation (MPIDC), stated, An agreement was signed on Monday with the developer G R Logistics Park, appointed with a concession period of 45 years for the development and operation of the MMLP and the SPV. The project aims to enhance logistics efficiency and multimodal connectivity in line with the vision of the PM Gati Shakti initiative. The MMLP will generate employment opportunities and foster the growth of industrial activities.The SPV consists of the National Highways Logistics Management (NHLML), Rail Vikas Nigam (RVNL), and the Madhya Pradesh Industrial Development Corporation (MPIDC).The agreement was signed in the presence of Manish Singh, Principal Secretary of the Industrial Policy and Investment Promotion Department, Prakash Gaur, CEO of NHLML, Ashish Jain, COO of NHLML, officials from the National Highways Authority of India (NHAI) and RNVL, as well as representatives from the concessionaire.The MMLP is an integrated facility designed to handle various logistics activities and facilitate the distribution of goods for both national and international transportation across multiple modes.According to an official release, the facility is projected to handle 12.79 Million Metric Tons (MMT) of cargo over a period of 45 years. It will greatly boost industrial development in nearby areas such as Indore, Ujjain, Dewas, Dhar, Pithampur, Khandwa, and Barwani.