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The parks are to be set up under the Logistics Efficiency Enhancement Programme (LEEP) of the Ministry of Road Transport and Highways.
Kerala figures in the list of 11 States to have multimodal logistics parks, at a cost of Rs.32,853 crore, outside urban agglomeration, as part of the aim to improve logistics efficiency and to reduce logistic costs, pollution from automobiles and congestion in the key cities.
The parks are to be set up under the Logistics Efficiency Enhancement Programme (LEEP) of the Ministry of Road Transport and Highways (MORTH). Of the total cost, Rs.10,665 crore is for acquisition of 4,816 acres, Rs.10,359 crore for development of storage areas, and Rs.11,828 crore for creating allied infrastructure.
The 15 cities, including Kochi, have been selected on the basis of the highest freight movement (40 per cent of the total freight movement in the country) in Phase I.
Logistics parks in the next 20 nodes accounting for 20 per cent of road freight movement will be taken up in phase II.
The logistics parks will address the issues of unfavourable modal mix, inefficient fleet mix and under developed material handing infrastructure.
In Kochi, 264 acres of land – 110 acres for storage, 88 acres for allied infrastructure and 66 acres for future expansion and landscaping – is needed for setting up the park.
The proposed parks will act as hubs for freight movement enabling aggregation and distribution. Freight from production zones will be shipped to nearby logistics parks, where it will be aggregated and shipped to a park near the consumption zone on a larger sized vehicle.
The freight arriving at the destination logistics park will be disaggregated and distributed to the consumption zones inside the city. Reduction in transport costs by 10 per cent, 12 per cent reduction in Co2 emissions, 20 per cent reduction in freight vehicles are the advantages.
A multi-modal company (MMC) under MORTH has been envisaged to manage development of these parks. It will have varying representation and equity from the National Highways Authority of India, Railways, Airports Authority of India, Inland Waterways Authority of India and the Indian Ports Association. It will also be responsible for institutionalising partnerships.
If landownership is with the government, the MMC will form a joint venture (JV) with the State for purchasing the land and developing the park as well as for providing ‘trunk’ infrastructure. This JV will form a special purpose vehicle for development and construction of the park.
In the case of large land owners interested in setting up the park, an SPV between the MMC and the landowner will be formed. The private player will be responsible for equity investment and will be allowed to sell/lease a percentage of land in return of his equity investment.
(Delhi, Mumbai, North Gujarat, South Gujarat, Hyderabad, North and South Punjab, Jaipur, Kandla, Bangalore, Pune, Vijayawada, Chennai and Nagpur are the other places identified).
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