NHAI sets up a logistics subsidiary, shifts 9 SPVs to new entity

To streamline its logistics business, the National Highways Authority of India (NHAI) has constituted a subsidiary for logistics movement across the country, transferring the existing nine contracts to the arm. Future logistics projects would also be allotted to this subsidiary.

NHAI has rechristened Cochin Port Road Private Ltd as National Highways Logistics Management Company to oversee multimodal logistics parks and port connectivity projects.

“We don’t have individual SPVs (special purpose vehicles) for each port connectivity project. They now come under the umbrella company National Highways Logistics Management Company,” an executive said.

The proposal to make the firm a holding company for all logistics