Govt. will launch an Integrated Transport and Logistics Policy
Road Transport and Highways & Shipping Minister Nitin Gadkari has said, the Government will launch an integrated transport and logistics policy aimed at increasing the average freight speed on highways to 50 kilometer (km) per hour and cutting costs by half.
Gadkari added that “The plan includes construction of 50 economic corridors, 35 logistics parks and 10 intermodal stations at a cost of INR 5 lakh crore.”
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% of GDP is having a negative effect.
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.
Tag Keyword: Integrated Transport and Logistics Policy , Road Transport and Highways & Shipping , Multimodal Transport , GDP , PPP