The Road Transport and Highways has demanded infrastructure status to multi-modal logistics parks in a bid to avail long-term funding for various projects at lower rates of interest. The ministry has requested commerce ministry to grant infrastructure status to multi-modal logistics parks, Road Transport and Highways Minister, Nitin Gadkari said. The Finance Ministry has to take a final call based on recommendations from the Commerce Ministry. The road ministry believes investments worth ₹50,000 crore will flow into such logistic parks and granting infrastructure status will further boost investments. Mr. Gadkari was speaking at the curtain raiser event for India Integrated Transport and Logistics Summit to be held in May this year. The Union Minister said he has urged Prime Minister, Narendra Modi to attend the global logistics summit. The Centre had released a concept note last year short listing 15 locations for development of multi-modal logistics park worth over ₹32,000 crore in Punjab, Gujarat, Maharashtra, Rajasthan, Tamil Nadu, Karnataka and Telangana. The minister said that the country needs to integrate road, railways, waterways and air transportation to create facilities so that logistics cost reduce to 12% and India become competitive. The Road Transport and Highways Ministry has signed an agreement with Petronet LNG Limited to set up liquefied natural gas (LNG) fuelling stations across the country, Mr. Gadkari said.
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