The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the exchange of Airports Authority of India's (AAI) land measuring 11.45 acres at Visakhapatnam Airport with an equivalent area of land offered by Visakhapatnam Port Trust for setting up of Multi Modal Logistics Park (MMLP) by M/s Container Corporation of India (CONCOR) at Visakhapatnam.
The exchange of land measuring will be beneficial to both AAI and VPT. The land offered for exchange by VPT is in continuation to existing AAI land and will be useful for AAI, in view of future developmental plans for Visakhapatnam Airport. The setting up of Multi Modal Logistics Park and other customer related facilities by M/s CONCOR will also help in substantial development of Andhra Pradesh by enhancing the cargo handling capacity and development of an integrated rail-road logistics hub, thereby facilitating a boost in the economy and trade of the State.
30/12/15 Business Standard
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The exchange of land measuring will be beneficial to both AAI and VPT. The land offered for exchange by VPT is in continuation to existing AAI land and will be useful for AAI, in view of future developmental plans for Visakhapatnam Airport. The setting up of Multi Modal Logistics Park and other customer related facilities by M/s CONCOR will also help in substantial development of Andhra Pradesh by enhancing the cargo handling capacity and development of an integrated rail-road logistics hub, thereby facilitating a boost in the economy and trade of the State.
30/12/15 Business Standard
