Multimodal Logistics Parks to Be Developed in Key Port Cities
The MMLP in Chennai has received an approved authority cost of Rs 6.41 billion for its development. The other five proposed MMLPs are currently under various stages of feasibility and planning, and no specific funds have been allocated for them yet. Additionally, there is no proposal for a Phase II development of MMLPs under the current framework.
MMLPs are aimed at significantly improving the country’s logistics and supply chain efficiency by integrating multiple modes of transport. These logistics parks are expected to provide a range of essential services such as warehousing and storage, transportation and freight handling, customs and regulatory services, value-added services, and robust infrastructure and connectivity. Emphasis is also placed on environmental sustainability and security, making these hubs comprehensive solutions for modern logistics needs.
All MMLPs under this initiative are being developed through the Public-Private Partnership (PPP) model, with a concession period of 45 years. This approach is designed to attract private investment and ensure long-term operational efficiency, supporting the government’s vision to transform India’s transportation infrastructure and logistics sector.
This information was presented by the Ministry of Ports, Shipping and Waterways in response to a query in the Lok Sabha.