Concession interval hiked to 45 yrs for proposed multi-modal logistics parks

The federal government has elevated the concession interval for the proposed Multi-Modal Logistics Parks (MMLPs) below the Bharatmala scheme to 45 years from 30 years. The ministry of highway transport and highways has additionally modified the bid parameters for these tasks and linked these to the minimal assured income share.

“Extending the concession interval was a market requirement. The sooner plan was 30 years, extendable by one other 30 years. builders have been saying that since there are three growth phases of 5 years every, they’d get solely 15 years of operational interval for full amenities,” Prakash Gaur, chief government of Nationwide Highways Logistics Administration Ltd (NHLML), instructed ET.

The elevated preliminary concession interval is restricted to 45 years, however with none additional extension.

It’s estimated that the 35 MMLPs deliberate throughout the nation will entail a capital allocation of ₹50,000 crore.
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