Sical Logistics begins terminal work at MIHAN

Chennai: Sical Logistics Ltd, an integrated solutions provider for multi-modal logistics for bulk and containerised cargo and offshore logistics, has commenced work on Nagpur Sical Gupta Road Terminal Ltd (NSGRTL) for road terminal at the Multimodal International Hub Airport at Nagpur (MIHAN) on Monday. Nagpur Sical Gupta Terminal is a special purpose vehicle floated by Sical Logistics in association with Maharashtra Airport Development Company (MADC) and Gupta Coal in the ratio of 51%, 26% and 23%.
Nagpur Sical Gupta will build, operate and manage the road terminal. The total project cost is estimated to be Rs 119.30 crore with a debt:equity ratio of about 1:1. The road terminal will stretch across a 60 hectare plot and have parking facilities for 1,150 vehicles including multi-axle vehicles, warehousing space of 500,000 sq ft, 15 hectares of open space and 45,000 sq ft of cold storage area, said Sical in a press release on Monday.
26/02/08 Financial Express

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Categories: Airports Jan 2008, Cargo Feb 2008, New Feb 2008