New Delhi: The Cabinet Committee on Economic Affairs on Wednesday approved the development of trunk infrastructure components for the integrated multi-modal logistics hub known as 'Freight Village' at Nangal Chaudhary in Haryana under the Delhi-Mumbai Industrial Corridor Project, a statement said.
The trunk infrastructure components include roads and services, building complex, water, sewage and common effluent treatment plant.
The development of the Freight Village in Haryana will be on a 886.78 acres of land plot which will be implemented by the project Special Purpose Vehicle (SPV) in two phases.
A financial sanction of Rs. 1029.49 crore for development of Phase I and in-principle approval for development of Phase-II of the project has also been given by the CCEA, the statement said.
Expenditure on Phase-I comprises cost of entire land at Rs. 266 crore including cost of the land to be used for development of Phase II, the statement said.