A fresh tender has been floated by National Highways Logistics Management Ltd (NHLM) for the construction of a multimodal logistics park in Bengaluru.
Story so far: The 400-acre multimodal logistics park in Muddalinganahalli, Bengaluru Rural district, was planned to be built by Reliance Industries Ltd. and Prakash Asphaltings and Toll Highways (India) Ltd. Due to Prakash Asphaltings and Toll Highways’ disqualification from the tender, there was only a single bid.
- In general, public authorities do not process a single bid in accordance with the Central Vigilance Commission’s (CVC) standards.
- If only one bid was received in the second round of bidding, the body floating the tender was allowed to make a decision on the bid.
PPP model: With an investment of ₹935.90 crores, the Design, Build, Finance, Operate, and Transfer (DBFOT) model is being used to accomplish the Development, Operation and Maintenance of the Multimodal Logistics Park at Muddalinganahalli. The firm that offers the National Highways Logistics Management the greatest revenue share in their proposal will be awarded the contract to build and manage the facility for a 45-year concession period.