The Central Warehousing Corporation (CWC), Sagarmala Development Company Limited (SDCL), and the New Mangalore Port Authority (NMPA) have signed a memorandum of understanding (MoU) to jointly develop a container freight station (CFS) and warehousing facility at the airport.
The objective is to enhance the port’s capacity to handle the growing export-import container traffic in the hinterland. To accomplish this, a special purpose vehicle (SPV) has been established, and the project aims to be completed by June 2025.
The proposed CFS-cum-warehouse will occupy 16.6 acres of port land with an estimated cost of INR 125.42 Crore. NMPA will contribute the land’s value of approximately INR 44.25 crore, while SDCL and CWC will equally share the remaining amount.
Biltrax Construction Data is tracking 25,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights and gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
