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Who has bagged the contract to build India's first Multimodal Logistics Park in Chennai, Tamil Nadu?
A)
TATA Group
B)
Adani group
C)
Larsen & Toubro
D)
Reliance Industries

Correct Answer : Option (D) - Reliance Industries


Reliance Industries Ltd (RIL) has been awarded the project to build India's first multimodal logistics park (MMLP) in Chennai, Tamil Nadu.

A crucial cog in the Centre's logistics overhaul, the MMLP will be spread over 184 acres and cost Rs 1,424 crore, the Ministry of Road Transport and Highways (MoRTH) said.
 
The ministry added that the project will get adequate connecting infrastructure support through a special purpose vehicle (SPV) formed between central and state agencies.
 
"The SPV will provide 4 lane national highway connectivity of 5.4 kilometres (km) with an estimated cost of Rs 104 Crore and a new rail siding to the MMLP site of 10.5 Km with an estimated cost of Rs 217 Crore," MoRTH said.
 
RIL emerged as the winning bidder for the public-private-partnership (PPP) project, with its own investment pegged at Rs 783 crore. The Centre expects the first phase of the project to be completed in two years.
 
"MMLP at Chennai which is strategically located 52 Km from Chennai Port, 80 Km from Ennore Port, and 87 Km from Katupalli Airport will be a focal point of logistics in the southern region. It is estimated to cater to 7.17 Million Metric Tonne (MMT) cargo in a horizon period of 45 years," according to MoRTH..

Source : Business Standard

Published On : November 14, 2022
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