MoU signed for setting up multi-modal logistics park at ₹1,200 crore

The MMLP, to be set up close to Chennai Peripheral Ring Road, would connect Chennai airport, Chennai port, Kamarajar port and Kattupalli port and would house state-of-the-art facilities for logistics

A Memorandum of Understanding (MoU) to set up a multi-modal logistics park (MMLP) spread over 158 acre at Mappedu in Tiruvallur district at a cost of ₹1,200 crore was signed between Tamil Nadu Industrial Development Corporation (TIDCO), National Highways Logistics Management Limited (NHLML) and the Chennai Port Trust (CPT) in Chennai on Tuesday.

While the MoU was signed in the presence of Tamil Nadu Chief Minister M.K. Stalin in the Secretariat in Chennai, Union Minister for Road Transport and Highways Nitin Gadkari, Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal, Union Minister of State for Road Transport and Highways V.K. Singh took part in the event virtually from Delhi.

The MMLP, to be set up close to Chennai Peripheral Ring Road, would connect Chennai airport, Chennai port, Kamarajar port and Kattupalli port and would house state-of-the-art facilities for logistics. The park would lead to new employment opportunities for about 10,000 youths, Mr. Stalin said.