Chennai MMLP to be a focal point for logistics in southern region
Ministry of Road Transport and Highways (MoRTH) is developing 35 Multi-Modal Logistics Parks (MMLPs), out of which 15 MMLPs are prioritized in the next three years.
Pioneering the pace of building a countrywide state-of-the-art multi-modal infrastructure, MoRTH has made significant progress under the National Master Plan and has embarked on the Chennai MMLP at Mappedu, the Ministry said on 11 Nov 2022 in a project update.
Being developed in 184.27 acres, it is the 1st MMLP awarded to Reliance Industries Limited.
The Rs.1,424 crore project is on a 45-year concession.
The Central Government and State Government have come together and formed a Special Purpose Vehicle (SPV) amongst National Highways Logistics Management Limited, Rail Vikas Nigam Limited, Chennai Port Authority and Tamil Nadu Industrial Development Corporation for the project.
The SPV will provide to the MMLP site a 5.4-km of 4 lane National Highway connectivity and a 10.5-km new rail siding, costing about Rs.104 crore and about Rs.217 crore, respectively.
The MMLP will be developed in three phases. The Rs.783 crore Phase-1 development is targeted for completion by 2025.
The Chennai MMLP, strategically located at ~52-km from Chennai Port, 80-km from Ennore Port, 87-km from Katupalli Airport, will be a focal point of logistics in the southern region. fiinews.com
