RIL to build India's maiden multimodal logistics park
- In Reports
- 02:29 PM, Nov 12, 2022
- Myind Staff
Reliance Industries Limited (RIL) has bagged India's first multi-modal logistics park (MMLP) that has been awarded by the Ministry of Road, Transport, and Highways.
The proposed state-of-the-art freight-handling facility, with access to various modes of transport, will be developed in three phases, with an estimated developer investment of ₹783 crores, the roads, transport and highways ministry said in a statement on Friday.
“Pioneering the pace of building a countrywide state-of-the-art multi-modal infrastructure, MoRTH has made significant progress under the NMP and embarking on the same MMLP Chennai at Mappedu being developed in 184.27 acres is the first MMLP awarded to RIL for which Prime Minister laid the foundation stone on May 26, 2022,” the Road Ministry said in a statement.
According to the statement, MMLPs by MoRTH also lays the foundation for the development of such large-scale state-of-the-art infrastructure projects in Public Private Partnership (PPP) mode for which both the Central Government and State Government have come together and a Government SPV formed amongst National Highways Logistics Management Limited, Rail Vikas Nigam Limited, Chennai Port Authority & Tamil Nadu Industrial Development Corporation.
The ₹1,424-crore project will facilitate efficient, cost-effective and value-added logistics services such as cargo aggregation and disaggregation, distribution, inter-modal transfer, sorting, packing, repacking, etc.
The National Highways Logistics Management (NHLM) had received three bids, including Adani Group, for the Chennai MMLP. Two bidders had technically qualified for the financial bid opening. The model concession agreement for MMLPs is on a Design, Build, Finance, Operate, and Transfer (DBFOT) model.
MMLP at Chennai which is strategically located at ~52 Km from Chennai Port, 80 Km from Ennore Port, 87 Kms from Katupalli Airport will be a focal point of logistics in the southern region. It is estimated to cater to 7.17 Million Metric Tonne (MMT) cargo in a horizon period of 45 years.
Image source: Economics Times
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