MoRTH starts work on ₹1,424-cr Multi-Model Logistics Parks

MMLPs by MoRTH also lays the foundation of development of such large-scale state of the art infrastructure projects in PPP mode for which both the Central Government and State governments have come together and SPV has been formed amongst National Highways Logistics Management Limited, Rail Vikas Nigam Limited, Chennai Port Authority & Tamil Nadu Industrial Development Corporation.
The estimated project cost is ₹1,424 crore with potential to cater to 7.17 Million Metric Tonne (MMT) cargo on the horizon with a concession period of 45 years. The SPV will provide 4 lane NH connectivity of 5.4 km with estimated cost of ₹104 crore and new rail siding to the MMLP site of length ~10.5 km costing ₹217 Crore. The MMLPs will be developed in three phases with estimated developer investment of ₹783 crore Phase-1 development is targeted within 2 years i.e., by 2025 leading to commercial operations.