ENA Sectors 2022-08-24 11:55:41 <p><span style="font-size:14px"><strong>New Delhi, Aug 24 (KNN)</strong> A tripartite agreement for the development of modern Multi Modal Logistics Parks (MMLP) under Bharatmala Pariyojna project was signed in the presence of Nitin Gadkari, Union Minister of Road Transport and Highways on Wednesday.</span></p> <p><span style="font-size:14px">The tripartite agreement was signed by National Highways Logistics Management Limited (NHLML), Inland Waterways Authority of India (IWAI) and Rail Vikas Nigam Limited (RVNL).</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">This agreement aims to centralize freight consolidation and reduce logistics cost from 14 per cent to less than 10 per cent of GDP at par with International Standards. The logistic park will be developed under the Hub &amp; Spoke model.</span></p> <p><span style="font-size:14px">Speaking on the occasion, Nitin Gadkari, said that he was elated to witness the signing of MoU as it will provide seamless modal shift, MMLPs will ensure that cargo is swapped/shifted from and to Waterways, Dedicated Freight Corridors &amp; Road Transport.</span></p> <p><span style="font-size:14px">MMLP will act as a freight handling facility with rail and road accessibility, comprising of container terminals, cargo terminals (bulk, break-bulk), warehouses, cold storage, facilities for mechanised material handling and value-added services such as customs clearance with bonded storage yards, quarantine zones, testing facilities and warehousing management services etc. along with other associated facilities.</span></p> <p><span style="font-size:14px">Union Minister of Ports, Shipping &amp; Waterways and Ayush, Sarbananda Sonowal, and Union Minister of State for Road Transport &amp; Highways, Gen (Retd) VK Singh were amongst those present at the ceremony. <em><strong>(KNN Bureau)</strong></em></span></p> 30300 https://knnindia.co.in/news/newsdetails/sectors/national-highways-management-inks-pact-with-iwai-rvnl-to-develop-multi-modal-logistics-park 2022-08-24 11:55:41 knnindia.co.in