TIDCO to develop logistics-related facilities along Chennai’s ORR

Tamil Nadu Industrial Development Corporation (TIDCO) is looking at the possibility of creating logistics-related facilities on a 13 km stretch between Redhills-Arunamadai junctions on the 62 km-long Outer Ring Road (ORR). The land belongs to Chennai Metropolitan Development Authority (CMDA), and the authority has proposed to undertake a joint study with TIDCO to create facilities like truck terminals, warehouses, and truck bays, Sources said. Finance Minister Palanivel Thiagarajan declared in the last budget session that 50 metres on either side of the ORR will be utilised for commercial development. TIDCO sources said the proposal is in the initial stage and the CMDA has to start a feasibility study first. The TIDCO went and inspected the land. TIDCO, the nodal agency for creating the logistics sector in Tamil Nadu, is also likely to come out with a State Integrated Logistics Plan and Policy shortly. At present, TIDCO is a stakeholder in the 158-acre Mappedu multimodal logistic park that will work as a world-class logistic aggregation point for different cargo.v CMDA owns the 50-metre strip of land abutting ORR along the whole stretch for approximately 270 hectares. As per the First Master Plan for Chennai Metropolitan Area, the ORR was created to reduce traffic congestion in the city. The Second Master Plan has also identified areas along with ORR as potential regions for future growth. Image Source Also read: TN to repurpose four coal plants for clean energy, grid stability