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

In line to the PM Gati Shakti National Master Plan (NMP) launched late last year bringing 16 Union Ministries together to improve multimodal connectivity and last mile connectivity across the country, MoRTH is developing 35 Multi-Modal Logistics Parks (MMLPs) 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 headways under this National Master Plan and embarking on the same MMLP in Chennai at Mappedu it is being developed in 184.27 acres and is 1st MMLP awarded to Reliance Industries Limited for which PM has already laid the Foundation Stone in May this year.

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.