Multi Modal Logistic Park inaugurated at Balli, Goa
Multi Modal Logistics Park at Balli Station near Madgaon in Goa was recently inaugurated. The part is located on Konkan Railway route. It has been set as per MoU entered between Konkan Railway & Container Corporation of India Ltd (CONCOR). It will benefit trade and industry from economic transport solutions and state of art facilities.
Key Facts
The facility is initially spread over 81,300 square meters with scope for expansion with traffic growth in future. It can handle both domestic and exim container traffic. In addition, it can also handle commodities transported by both open and covered wagons. It has 5000 square meters of Custom Bonded Warehousing space. It will also provide host of value added services like stuffing, repackaging etc.
Significance
The park from its economic transport solutions and state of the art facilities will benefit both trade and industry in Goa. It will generate additional source of revenue for Konkan Railway. The container depot at park will reduce time required to cover distance between JNPT port (Mumbai) and Goa via road in 30-40 hrs from 16 to 18 hrs. Thus, it will save time, along with cost of transportation and relieve congestion on road and fuel.
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Month: Current Affairs - April, 2018