RIL to construct India’s maiden multimodal logistics park

has bagged the contract to arrange the nation’s first multimodal logistics park (MMLP) in Chennai. The proposed state-of-the-art freight-handling facility, with entry to numerous modes of transport, might be developed in three phases, with estimated developer funding of ₹783 crore, the roads, transport and highways ministry mentioned in a press release on Friday.

Section I growth is focused inside two years, by 2025, resulting in business operations. Whole price of the mission underneath public-private partnership (PPP) mode is estimated at ₹1,424 crore, the ministry mentioned. The 184.27-acre park, awarded by a bidding course of, is estimated to cater to 7.17 million metric tonnes of cargo over the 45-year concession interval.

That is the primary of 35 MMLPs the transport ministry is creating underneath the PM Gati Shakti Nationwide Grasp Plan to offer multimodal connectivity to numerous financial zones.

The ministry has prioritised 15 MMLPs within the subsequent three years. “The Bangalore MMLP is subsequent within the pipeline; due date for bids (is) in November,” Prakash Gaur, chief government of Nationwide Highways Logistics Administration (NHLML) advised ET. “We plan to award it in December.”

Nagpur, Indore Parks to be Awarded Subsequent 12 months

Bids for the Nagpur MMLP might be referred to as in December and the mission awarded in January 2023, whereas the Indore MMLP might be awarded by March 2023 after bids are referred to as in January, he mentioned.

NHLML is an entirely owned particular goal car (SPV) of Nationwide Highways Authority of India (NHAI), set as much as develop the logistics parks. These multimodal hubs lay the muse for growth of large-scale infrastructure initiatives in PPP mode, for which each the central and state governments have come collectively.

For the Chennai MMLP, a authorities SPV has been fashioned amongst NHLML,

, Chennai Port Authority and Tamil Nadu Industrial Improvement Company. It can present four-lane nationwide freeway connectivity of 5.4 km at an estimated Rs 104 crore and a brand new rail siding of 10.5 km to the MMLP, costing Rs 217 crore.

International Curiosity

Commenting on the profile of bidders within the upcoming MMLP bids, Gaur mentioned, “We’re getting much more enquiries within the upcoming MMLP bids than the one which closed simply now. Curiosity is being expressed by corporations primarily based out of the US, Canada and Europe.” Specialised international funds of the logistics sector have additionally been eager, Gaur mentioned.