Concession period hiked to 45 yrs for proposed multi-modal logistics parks

"Extending the concession period was a market requirement. The earlier plan was 30 years, extendable by another 30 years. Interested developers were saying that since there are three development phases of five years each, they would get only 15 years of operational period for full facilities," Prakash Gaur, chief executive of National Highways Logistics Management Ltd (NHLML), told ET.

Concession period hiked to 45 yrs for proposed multi-modal logistics parks
"Extending the concession period was a market requirement. The earlier plan was 30 years, extendable by another 30 years. Interested developers were saying that since there are three development phases of five years each, they would get only 15 years of operational period for full facilities," Prakash Gaur, chief executive of National Highways Logistics Management Ltd (NHLML), told ET.