Chandigarh: A mega logistic park will come up with an outlay of about Rs 500 crore in Punjab, which is envisaged to bring savings in freight charges for industry. (Agencies)
The ambitious project which will be spread over 150 acres of land will boast of container freight station, rail linkage, warehousing facility, and soils for food grain storage.
The project, which will be 51:49 joint venture between Container Corporation of India Limited (Concor) and Punjab government owned Punjab State Conware and Warehousing Corporation), would be commissioned by 2017 in phased manner.
"A logistic hub will be set up near Ludhiana which will entail a cost of about Rs 500 crore," Punjab State Conware and Warehousing Corporation, MD, A S Bains said adding that it will come up on the loopline of Centre's ambitious Delhi-Mumbai Industrial Corridor, a dedicated freight corridor project.
"The project will give a boost to the industrial development of Punjab as it seeks to provide high speed connectivity with other states in transportation of commodities like food grain and other industrial items," he said.
"We have identified 2-3 sites in Ludhiana for setting up this mega logistic park," said an official of Concor. The setting up of logistic hub is also proposed to reduce freight charges for importer, exporters and traders (who cater to domestic market) as rail rakes will carry more load compared to what now is bring transported and it will ensure saving in cost of operations.
"There will be double stacked containers trains which will result in saving in freight charges to the tune of 33 percent which will ultimately be passed on to industry," he said.
Concor is already having a container freight station at Dhandari Kalan in Ludhiana which is used for transportation of inward and outward containers. The total throughput of containers at Ludhiana is pegged at 4.5 lakh per annum.
Chandigarh: A mega logistic park will come up with an outlay of about Rs 500 crore in Punjab, which is envisaged to bring savings in freight charges for industry.