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.
Cabinet OKs dev of infra components for Freight Village in Haryana
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.