The project of constructing Chennai, Tamil Nadu’s first multimodal logistics park (MMLP) has been given to Reliance Industries Ltd (RIL).
The MMLP, a key component of the Center’s reform of its logistics, will cover 184 acres and cost Rs 1,424 crore, according to the Ministry of Road Transport and Highways (MoRTH).
The ministry also stated that a special purpose vehicle (SPV) created by federal and state agencies will provide the project with necessary supporting infrastructure.
“The SPV will provide 4 lane national highway connectivity of 5.4 kilometres (km) with an estimated cost of Rs 104 Crore and a new rail siding to the MMLP site of 10.5 Km with an estimated cost of Rs 217 Crore,” MoRTH said.
