NEW DELHI : Prime Minister Narendra Modi is expected to announce the commencement of work on India’s first ever multi-modal logistics park under Bharatmala scheme in Chennai today. The logistics park will give fillip to the Union government’s Gati Shakti Mission.
The 180 acre park, under the ambitious Bharatmala scheme, will be set up by a clutch of stakeholders including the Ministry of Road Transport and Highways, Chennai Port Trust and Government of Tamil Nadu.
It is learnt that bids have been invited for Rs 1,420 crore project that would come up on PPP (public-privatepartnership) basis. A special purpose vehicle will be set up for this project between the Ministry of Road Transport and Highways through National Highways Logistics Management Ltd, Government of Tamil Nadu, Chennai Port Trust and Rail Vikas Nigam Ltd.
Of the total cost of the project the central government would spend Rs 200 crore for rail connectivity and Rs 100 crore for road connectivity. The remaining investment would come from the private sector.
This multimodal park is part of the larger plan of building around 35 multi-modal logistics parks in the country under the Bharatmala programme.
Bharatmala envisages development of Ring Roads/bypasses and elevated corridors to decongest the traffic, passing through cities and enhance logistic movement.
Union Mimister for Road, Transport and Highways, Shri Nitin Gadkari earlier said that around 35 multi-modal logistics parks (MMLPs) will come up in the country under the Bharatmala project, and four MMLPs will be developed in places like Jalna, Nasik, Solapur and Sangli in Maharashtra.
These logistics parks will give a boost to the economy as the facilities envisaged in this MMLP are warehouses, cold storage, inter-modal transfers, handling facilities for container terminals, and bulk/ break bulk cargo terminals, among others.
Gati Shakti was launched by the PM on October 13, 2021 and is intended to break departmental silos and bring in more holistic and integrated planning and execution of projects, which will help in bringing down the logistics cost.
The Ministry of Road Transport and Highways in December 2021 had said that these parks will come up at carefully chosen locations, at a total capital cost of Rs 50,000 crore.
They have been conceptualized to enable seamless intermodal freight movement and offer multiple functionalities such as freight aggregation and distribution. Storage and warehousing solutions and value added services such as custom clearances and IT services will also be provided to users.