NHLML and IWAI ink MoU for state-of-art MMLP in Varanasi
A significant Memorandum of Understanding (MoU) was signed between National Highways Logistics Management Limited (NHLML) and Inland Waterways Authority of India (IWAI) to develop a state-of-the-art Multi-Modal Logistics Park (MMLP) in Varanasi, Uttar Pradesh. The signing ceremony was presided over by the Union Minister of Road Transport and Highways, Mr Nitin Gadkari, and the Union Minister of Ports, Shipping and Waterways, Mr Sarbananda Sonowal.
Highlights of the MMLP
The 150-acre park is strategically connected to NH7 via a 650 m access road and is just 1.5 km from the NH7-NH2 junction.
It will seamlessly integrate with the Eastern Dedicated Freight Corridor through a 5.1 km railway line from Jeonathpur Station and National Waterway-1 and is located 30 km from Lal Bahadur Shastri Airport.The project promises significant investment and employment opportunities, strengthening India's logistics sector, enhancing trade efficiency and driving economic growth.
This initiative is a testament to India's commitment to developing its logistics sector and reinforcing its position as a global economic powerhouse, a release emphasised.
Source: Exim News Service: New Delhi, March 12