Bangalore-Mumbai corridor to come up soon
To accelerate the implementation of the proposed Bangalore-Mumbai corridor, the Infrastructure Development Department (IDD) has asked Infrastructure Development Corporation Karnataka Ltd (iDeCK) to prepare detailed reports for setting up of mega logistics parks in Dharwad, Harohalli ( near Kanakapura) and Hassan.
According to sources, the government after completing the possible study has approved the project. The study suggests that logistics parks can be constructed for easy storage of goods, transportation and maintenance of buffer stock of goods as huge quantities of goods would be transported and exchanged when the corridor is opened.
Ancillary commercial development, truck terminals, warehouses, hotels, cold storage and inland container depots are some of the components that will be included in the logistics parks. Each logistic park will cost Rs 150 crore approximately.
iDeCK is also conducting a techno-economic study for developing parks in Harohalli and Hassan, outskirts of Bangalore. According to sources iDeCK is planning to develop these logistic parks on public and private partnership model.
IDD principal secretary said that iDeCK was supposed to submit the reports with a year. These parks are part of lager plans which will ease seamless transportation of goods within the corridor.
During a visit to India, United Kingdom Prime Minister said that Bangalore-Mumbai corridor is going to attract investors and many industries would be set up in the corridor.
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Bangalore, Bangalore real estate market, Bangalore realty, Bangalore-Mumbai corridor, business corridors, Real-estate market
