5 multi-modal logistics park come up for freight corridor

The railways will set up five multi-modal logistics park, including one on the river front at Varanasi, along the dedicated freight corridor to facilitate seamless movement of goods.

The logistics hubs, expected to cost around INR 5000 crore, are expected to be set up in Gujarat, Punjab, Rajasthan, Uttar Pradesh and Maharashtra.

The Dedicated Freight Corridor Corporation (DFCC), which is implementing the 3342 kilometer (km) freight corridor project, is acquiring land for logistic parks and is in consultation with state governments to finalizes MoU.

Elaborating on the Varanasi project, DFCC Managing Director Adesh Sharma said the ‘first of its kind’ logistics hubs will connect inland waterways with rail and road to provide hassle-free, efficient and cost effective cargo movement.

The logistics parks would facilitate the last mile connectivity in terms of door-to-door services for customers besides giving value addition including packaging, retailing, labelling and transportation of the goods on the dedicated tracks.

Sharma said various options such as the PPP route, state government participation and debt equity are being explored to develop logistics parks.

Source: http://transreporter.com/

5 multi-modal logistics park to come up for freight corridor