The Chennai Port Belief (ChPT) is in talks with the Rail Vikas Nigam Ltd (RVNL), a public sector enterprise underneath the Ministry of Railways, to take part within the Particular Objective Car (SPV) for implementing the ₹1,045-crore multi-modal logistics park (MMLP) at Mappedu in Tiruvallur close to Chennai.
The MMLP is among the many first to be chosen for the implementation underneath the Centre’s grand scheme of Bharatmala Pariyojna. Underneath this scheme, 35 such MMLPs are deliberate throughout India to boost logistics effectivity and cut back price, mentioned Sunil Paliwal, Chairman & Managing Director of Kamarajar Port Belief who can also be holding further cost as chairman of ChPT.
An MoU for the MMLP at Mappedu was signed on Tuesday among the many ChPT; the Tamil Nadu authorities (via Tidco) and the Nationwide Highways Authority of India (Nationwide Highways Administration Ltd).
Whereas the 4 fairness shareholders, together with RVNL, will usher in a complete of ₹600 crore within the SPV, the non-public participant who will develop the park will deliver an equal quantity. The capital contribution of the RVNL might be handled as fairness within the SPV, he added.
The SPV will choose a concessionaire/ contractor via aggressive bidding for the event and operation of the MMLP, mentioned Paliwal whereas briefing the media on the PM Gati Shakti initiative launched by Prime Minister Narendra Modi on Wednesday.
The MMLP, which might be developed over 158 acres of land, could have street and rail connectivity. It is going to act as a logistic aggregation/disaggregation level for varied types of cargo throughout completely different transportation modes. It is going to present large-scale warehousing and chilly storage facility with provisions for value-added providers like packaging and labelling.
The logistics park might be a one-stop resolution for all providers associated to cargo motion, together with cross-docking, container stackyard, customized clearance, testing services, documentation and weighbridges. Varied facilities, together with truck parking, will even be offered, he mentioned.
The ChPT will hand over the 121.74 acres of port belief land to the SPV; the State will contribute ₹50 crore to the SPV. A further space of 36.23 acres adjoining to the port belief land might be acquired by the NHAI, which will even bear the price of the street connectivity venture.
A brand new railway siding might be developed on the MMLP to offer rail connectivity from the closest rail head close to Kadambattur for a size of about 12 km, he mentioned.