RVNL, NHAI sign MoU for multimodal logistics parks across India
ROADS & HIGHWAYS

RVNL, NHAI sign MoU for multimodal logistics parks across India

In connection with the construction of Multi-Modal Logistics Parks across PAN India under the Bharatmala Pariyojana, Rail Vikas Nigam Limited has signed a Memorandum of Understanding (MoU) with the National Highways Authority of India (NHAI) represented by National Highways Logistics Management (NHLML).

Given the goals of improving logistics efficiency for goods generating and aggregating from ports, the hinterland, and the country as a whole, RVNL and NHLML agreed to work together to achieve the MMLP Project's development objectives in a coordinated manner.

RVNL will be in charge of the track connectivity work for MMLPs, including design, planning, feasibility studies, DPR, implementation, and commissioning.

At the appropriate stage, separate MoUs and Agreements will be drawn up for each of the 35 MMLPs planned across the country. The concept is to form project-specific SPV(s) on a Hub and Spoke Model to provide state-of-the-art, large-scale warehousing facilities for various commodities. This umbrella Memorandum of Understanding will be valid for five years and can be extended.

Rail Vikas Nigam Limited is a subsidiary of Indian Railways, Ministry of Railways, Government of India, which is responsible for developing rail infrastructure for the railways.

Image Source


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

In connection with the construction of Multi-Modal Logistics Parks across PAN India under the Bharatmala Pariyojana, Rail Vikas Nigam Limited has signed a Memorandum of Understanding (MoU) with the National Highways Authority of India (NHAI) represented by National Highways Logistics Management (NHLML). Given the goals of improving logistics efficiency for goods generating and aggregating from ports, the hinterland, and the country as a whole, RVNL and NHLML agreed to work together to achieve the MMLP Project's development objectives in a coordinated manner. RVNL will be in charge of the track connectivity work for MMLPs, including design, planning, feasibility studies, DPR, implementation, and commissioning. At the appropriate stage, separate MoUs and Agreements will be drawn up for each of the 35 MMLPs planned across the country. The concept is to form project-specific SPV(s) on a Hub and Spoke Model to provide state-of-the-art, large-scale warehousing facilities for various commodities. This umbrella Memorandum of Understanding will be valid for five years and can be extended. Rail Vikas Nigam Limited is a subsidiary of Indian Railways, Ministry of Railways, Government of India, which is responsible for developing rail infrastructure for the railways. Image Source Also read: MoRTH to build 35 multi-modal logistics parks under PPP model

Next Story
Resources

Master Builders Solutions Forges Path into India Market with MBT-Construction Chemicals

Master Builders Solutions, a global leader in innovative concrete admixtures and solutions for the construction industry, announces its strategic expansion into the dynamic Indian market. Leveraging its expertise and advanced solutions, Master Builders Solutions aims to address the growing demand for sustainable, high-performance construction materials across various sectors in India. The move into India represents a significant milestone for Master Builders Solutions, aligning with its commitment to delivering cutting-edge solutions worldwide. With a rapidly evolving construction landscape in..

Next Story
Resources

TrucksUp collaborates with AU Small Finance Bank to empower aspiring buyers and small fleet owners

TrucksUp has announced a strategic partnership with AU Small Finance Bank Ltd to offer economic, easy and hassle-free financing solutions for used trucks focusing on driver and transport business community. This partnership tactically aims to support small fleet owners in India by providing low EMI loans at competitive interest rates. Their target audience can also benefit from refinancing options on existing trucks and avail of top-up loans to meet their financial needs. This is making the access to capital needs for truck drivers’ community easy to grow and scale their business. This colla..

Next Story
Resources

Build Capital to Invest Rs 1.5 billion in Navi Mumbai’s RE Market in 2025

Build Capital, an innovative early-stage real estate fund, has completed its maiden investment in the Navi Mumbai market. This investment in Satyam Group’s project is part of Build’s strategy to become a preferred partner in early – stage real estate financing in Mumbai Metropolitan Region (MMR).Build Capital has further announced that it plans to invest close to Rs 1.5 billion (bn) in the Navi Mumbai market out of its total target investments of Rs. 4 bn for the year 2025. Kuldeep Jain, CEO and Co-Founder, Build Capital said, “We are plugging the existing gaps of early-stage financing..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000