India’s first multimodal logistics park

In news– Reliance Industries Ltd (RIL) has been awarded the project to build India’s first multimodal logistics park (MMLP) in Chennai, Tamil Nadu.

About India’s first multimodal logistics park (MMLP)-

MMLP will be spread over 184 acres and cost Rs 1,424 crore.
The project will get adequate connecting infrastructure support through a special purpose vehicle (SPV) formed between central and state agencies..
MMLP at Chennai which is strategically located 52 Km from Chennai Port, 80 Km from Ennore Por.
It is estimated to cater to 7.17 Million Metric Tonne (MMT) cargo in a horizon period of 45 year.
Moreover, it is one of the several flagship projects announced under the Bharatmala Project of the Ministry of Road Transport and Highways, which envisions the building of 35 such MMLPs.
The Centre plans to build 15 of these within the next two years. Under the National Logistics Policy (NLP) and PM-GatiShakti, it wants to bring down logistics costs to under 10 per cent of the GDP in a bid to make exports competitive and supply chains more efficient.
MMLPs will act as centres for freight aggregation and distribution, storage and warehousing, providing added incentives to logistics companies such as customs clearances.
These parks will also facilitate intermodal transportation – roads, railways, and inland waterways, with the aim of strengthening and diversifying the logistics system.