MoUs worth Rs 2 trillion signed for road development in India

A total of 34 MoUs amounting to close to Rs 2 trillion have been signed in the areas of port connectivity; for integrated checkposts in Bihar, Uttarakhand, Uttar Pradesh, West Bengal and Manipur; access to land port in Tripura, Assam and Mizoram; development of logistics parks in Telangana, Andhra Pradesh, Karnataka, Madhya Pradesh, Assam, Gujarat and Mizoram; development and extension of multimodal logistics parks in Mumbai, Bengaluru and Haryana; exploring investment opportunities in the logistics sector; dredging of inland waterways; implementation of 79 port connectivity projects under Sagarmala; development of port roads to Chennai and Visakhapatnam ports; and connectivity to Navi Mumbai airport, among others. Some of these MoUs are between government agencies, while others are government to business, or business to business. Further, Transport Corporation of India Limited signed a letter of intent with the National Highways Authority of India (NHAI) for developing and extending multimodal logistics parks.