Reliance to develop multi-modal logistics park in Tamil Nadu
Reliance Industries Ltd (RIL) has been awarded the work to develop the first multi-modal logistics park (MMLP) at Mappedu in Thiruvallur district of Tamil Nadu, the government said on Friday. MMLP Chennai at Mappedu is being developed in an area of 184.27 acres. The estimated project cost is Rs 1,424 crore. Total concession period is 45 years.
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. It is estimated to a cater to 7.17 Million Metric Tonne (MMT) cargo in horizon period of 45 years.
An official statement said this 184.27 acres park award to RIL is in Chennai. This will be developed in three phases with estimated developer investment of Rs 783 crores. The Phase-1 development is targeted within 2 years (by 2025) leading to commercial operations. The total estimated project cost is Rs 1424 crores while the total concession period is 45 years.
Under the PM Gati Shakti National Master Plan (NMP), the Transport Ministry is developing 35 MMLPs, out of which 15 are prioritized in the next three years.
These MMLPs lay the foundation of development of large-scale infrastructure projects in Public Private Partnership (PPP) mode for which both the Central Government and State Government have come together. A government special purpose vehicle (SPV) was formed for the same amongst National Highways Logistics Management Limited, Rail Vikas Nigam Limited, Chennai Port Authority, and Tamil Nadu Industrial Development Corporation.
The SPV will provide 4 lane NH connectivity of 5.4 kilometres (km) at an estimated cost of Rs 104 crores and a new rail siding to the MMLP of 10.5 km, costing of Rs 217 crores.
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