India’s first ever multi-modal logistics park – to be set up in Assam.

Union Minister Nitin Gadkari will lay down the foundation stone for India’s first multi-modal logistics park in Assam on October 20, 2020. This multi-modal logistics park have an estimated budget of ₹694 crore.

Highlights

This multi-modal logistic park will be developed under the Bharatmala Pariyojna. The project would provide direct connectivity through air, road, rail and waterways to the people.

Bharatmala Pariyojana

The Bharatmala Pariyojana was announced by the union minister of Road Transport and Highways of India, Mr.Nitin Gadkari in 2017. The project was launched in order to improve connectivity in the country by 2022.  The budget for the scheme is managed by the cess collected on petrol and diesel and the tax collected at toll booths. It also gets budgetary support by the Government. The main components of the pariyojna are-

  • Balance of National Highway Development Project (NHDP) works of length 10000 Kms
  • Development of Economic corridors  of around 9000 Kms
  • Inter-corridor & feeder roads of length 6000 Kms
  • Improving the efficiency of National Corridors having length 5000 Kms
  • Border & International connectivity roads  of length 2000 Kms
  • Expressways  with total length of 800 Kms and
  • Coastal & port connectivity roads  having length 2000 Kms

Features and Aims of Bharatmala Pariyojana

  1. To improve road traffic and trade through road transportation
  2. To improve the quality of roads in order to develop every corner of the country.
  3. The construction of new roads is an important feature of this pariyojana.

Challenges

As per the report, the project is running far behind the set target of completion of project by 2022  because of the increased land cost. Increased land cost has increased the estimated budget for the project. So, getting more funds for the project is another challenge. Therefore, the Central Government is looking for more investments from the funds collected by the market and other private and international investment. To meet the estimate, the government also intends to auction the completed highway projects.  They are also looking for foreign debts and bond markets.