NHAI Signs Agreement to Develop Multi Modal Logistics Park

Current Context: Agreement signed by NHAI to develop a Multi Modal Logistics Park at Bengaluru signed on September 18, 2023 between National Highways Logistics Management Ltd (NHLML), a 100% owned company of NHAI, and M/s. PATH Bengaluru Logistics Park Pvt. Ltd., a private concessionaire.

• The project is proposed to be developed under the Public Private Partnership (DBFOT) model at an estimated cost of Rs 1,770 crore.The MMLP will be developed in an area of 400 acre at Muddelinganahalli in Bengaluru rural district in Karnataka.
• The MMLP will cater to about 30 million metric tonnes (MMT) cargo by the end of the concession period of 45 years and will give a huge boost to the industrial zones in the catchment region such as Bengaluru and Tumkur.
• The MMLP will also enable efficient inter-modal freight movement to lower overall freight costs and time, provide efficient warehousing, improve tracking and traceability of consignments thereby enhancing the efficiency of the Indian logistics sector.
• The MMLP will be developed in three phases. The first phase is expected to be completed in two years.

Question:

Q.1 What is the estimated cost of the MMLP project at Bengaluru?
a. Rs 1,770 crore
b. Rs 2,000 crore
c. Rs 1,500 crore
d. Rs 1,200 crore