Ministry of Road Transport and Highways (MoRTH) has awarded the contract to set up the country’s first multimodal logistics park (MMLP) in Chennai to Reliance Industries.
- The MMLP will be developed in three phases with estimated developer investment of Rs 783 Crore Phase-1 development is targeted within 2 years i.e., by 2025 leading to commercial operations.
- MMLP at Chennai which is 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. It is estimated to a cater to 7.17 Million Metric Tonne (MMT) cargo in horizon period of 45 years.
About Multi Modal Logistics Parks
- The Government has decided to set up as many as 35 Multi Modal Logistics Parks, at carefully chosen locations, at a total capital cost of Rs. 50,000 crore.
- These parks are being developed as a part of the PM Gati Shakti National Master Plan (NMP).
- The parks will enable the shift from a point-to-point to a hub-and-spoke model in logistics sector, eventually helping us bring down logistics costs by at least half and enabling more efficient movement of new-generation vehicles.
- The Model Concession Agreement for MMLPs has been finalized and all MMLPs will be developed as part of the Design, Build Finance, Operate and Transfer (DBFOT) model.
- The MMLPs have been conceptualized to enable seamless intermodal freight movement and offer multiple functionalities such as freight aggregation and distribution.
- Storage and warehousing solutions and value-added services such as custom clearances and IT services will also be provided to users.
- The parks will enable the shift from a point-to-point to a hub-and-spoke model in logistics sector, eventually helping us bring down logistics costs by at least half and enabling more efficient movement of new-generation vehicles. The aim is to make Indian logistics system comparable to the best in the world.
- The series of MMLPs will provide efficient trans-shipment and processing facilities; we have not left any loose ends, a comprehensive plan has been made to address all segments of the logistics sector, the Secretary assured the investor community.
