India's first multimodal logistics park will be built by RIL
ROADS & HIGHWAYS

India's first multimodal logistics park will be built by RIL

The task of constructing Chennai, Tamil Nadu's first multimodal logistics park (MMLP) has been given to Reliance Industries (RIL). The MMLP, a key component of the Centre's reform of its logistics, will cover 184 acre and cost Rs 14.24 billion, 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 would build 5.4 km of 4-lane national highway access at an estimated cost of Rs 1,04 billion, as well as 10.5 km of new rail siding to the MMLP site, at an estimated cost of Rs 2.17 billion.

RIL, with an estimated investment of Rs 783 billion, was chosen as the successful bidder for the public-private partnership (PPP) project. The Centre anticipates that the project's initial phase will be finished in two years.

Also read:
RIL bags project to develop Mappedu MMLP in Tamil Nadu
Hyderabad’s Megha to construct Mongolia's first greenfield oil refinery


The task of constructing Chennai, Tamil Nadu's first multimodal logistics park (MMLP) has been given to Reliance Industries (RIL). The MMLP, a key component of the Centre's reform of its logistics, will cover 184 acre and cost Rs 14.24 billion, 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 would build 5.4 km of 4-lane national highway access at an estimated cost of Rs 1,04 billion, as well as 10.5 km of new rail siding to the MMLP site, at an estimated cost of Rs 2.17 billion. RIL, with an estimated investment of Rs 783 billion, was chosen as the successful bidder for the public-private partnership (PPP) project. The Centre anticipates that the project's initial phase will be finished in two years. Also read: RIL bags project to develop Mappedu MMLP in Tamil Nadu Hyderabad’s Megha to construct Mongolia's first greenfield oil refinery

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?