Govt to launch Integrated Transport and Logistics Policy : Nitin Gadkari

  • 16-Mar-2017
  • Govt to launch Integrated Transport and Logistics Policy : Nitin Gadkari

NEW DELHI: The Government will launch an integrated transport and logistics policy aimed at increasing the average freight speed on highways to 50 km per hour and cutting costs by half, Road Transport and Highways & Shipping Minister Nitin Gadkari has said recently.

“The plan includes construction of 50 economic corridors, 35 logistics parks and 10 intermodal stations at a cost of Rs 5 lakh crore,” Gadkari added. In the budget speech, the Finance Minister had said that a specific programme for the development of multimodal logistics parks, together with multimodal transport facilities, will be drawn up and implemented.

The plan will bring together road, rail, air and urban planning to provide seamless movement of freight traffic across States. India is a growing economy and the high cost of logistics, currently at 14 per cent of GDP is having a negative effect.

This policy is aimed at transforming India’s logistics from a point-to-point model to a hub-and-spoke model to achieve reduction in logistics costs.

To start with, 50 economic corridors which have already been identified and will be awarded for construction on both Government-funded and PPP (public private participation) model from April.

Most of these corridors are national highway expansion plans where two-lane highways will be expanded to six lanes. The move would increase the average distances covered by the freight vehicles from the existing 200-250 km to 350 km. He said, “We’ll form SPVs (special purpose vehicles) with State Governments where the State will provide land on the outer periphery of urban centres and the Centre will provide trunk infrastructure such as feeder highways and rail connectivity”.

The private players will be invited to develop and maintain the logistics parks. The availability of such multimodal freight hubs will straightaway cut transport costs by 20 per cent.

Source: Dailyshippingtimes.com

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