NEW DELHI: Five multi-modal logistics park are being set up, including one in PM Narendra Modi’s Lok Sabha constituency Varanasi, along the Dedicated Freight Corridor at a cost of `5,000 crore for hassle-free, cost-effective cargo movement across the country.
Dedicated Freight Corridor Corporation Managing Director Adesh Sharma said that the process of acquiring land for five multi-modal logistic parks to come in Gujarat, Punjab, Rajasthan, Uttar Pradesh and Maharashtra along the 3342 km long freight Corridors is in progress. Varanasi will get a first-of-its-kind logistic hub at riverfront to connect inland waterways, rail and road for fast movement of cargo.
“Various options such as public private partnership, state government participation and debt equity are being explored to develop logistics parks. It will facilitate door-to-door services for customers besides giving value addition including packaging, retailing, labelling, transportation of the goods on the dedicated tracks,” he said.
An agreement was signed between the Inland Waterways Authority of India and the Dedicated Freight Corridor Corporation last year for Varanasi project.
Sharma said once the entire track was operational, the railway share in loadings would go up to 45 per cent from the current 36 per cent and the first section of length 56 km between Sasaram and Durgavati of the Eastern Dedicated Freight Corridor is going to be commissioned shortly as the line is awaiting safety clearance.