Indore, the commercial capital of Madhya Pradesh, will soon be having its own Multi-Modal Logistics Park (MMLP) as the work for the project has already been awarded as per the Ministry of Road Transport and Highway (MoRTH) on 28thFebruary 2023.
The MMLP project is going to be developed in three phases for which the first phases is targeted to be completed in 2 years, that is, 2025, eventually leading to commercial operations. Since Indore has a rich ecosystem, fertile soil and even high quality workforce, the MMLP will be developed in an area of 255.17 acres in Dhar District.
“The site is strategically located near Pithampur industrial area, apparel and pharma cluster and abutting the Indore Tihi- Dahod rail line as well as proposed Mhow ring road, at 30 km from Indore Airport and Indore city. The estimated total project cost is Rs 1,110.58 crore,” the Ministry said in a statement.
The project is proposed to be developed in PPP (DBFOT) mode wherein the developer will be appointed with a concession period of 45 years for developing and operating the MMLP with an estimated cost of Rs 758.10 crores. The ministry added, “The SPV will provide land for the MMLP, external rail, road connectivity as well as water and power supply, etc. The MMLP is being provided with four-lane access from Mhow-Neemach four¬-lane state highway and rail siding of length -6.5 km from Sagore Railway station.”