Top News

|  Essar Shipping loss widens to INR 176 crore in Q4  |    |  200 MW solar projects to come up at major ports  |    |  Paradip Port awarded for 2nd highest Traffic growth by Ministry of Shipping  |    |  Aviation ministry to plan path for Air India this week  |    |  Mundra ports quarterly profit up 27% to USD 182.6 million, sales up 18%  |    |  April air cargo rates up as Asia-North America volumes rise  |    |  DHL adds another China-Europe rail link  |    |  Railways to seek Cabinet nod for INR 35,000 cr development fund  |    |  Fraport profit soars 24.5% to USD 20.2 million, revenues rise 3.5%  |    |  CONCOR to start train service from ICD Agra to Mundra Port  |    |  Indian Railways will export 18 diesel locomotives to Myanmar  |    |  Korea seaport cargo up 6.6% in April  |    |  Toyota and Mitsubishi hope to run container port near Indonesian car plants  |    |  PMRDA to start work on ring road by October  |    |  AADA raises China-Australia rate USD 300 TEU July 1  |    |  PPT gets Shipping Ministry award  |    |  Centre govt. plans to upgrade vessel repairing facilities at 7 ports  |    |  Visakhapatnam Port to be modernised by 2019  |    |  CMA CGM launches 2nd loop between India, Mideast &Africa  |    |  Cochin Port to commemorate arrival of 1st vessel  |   
You are here: Home » National News » Supply Chain» Govt. will launch an Integrated Transport and Logistics Policy

Govt. will launch an Integrated Transport and Logistics Policy

16 March 2017 | New Delhi
 

transreproter

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.

   
Transreproter Logo