Multi-modal Logistics Park in Chennai to be awarded in August, Auto News, ET Auto

Multi-modal Logistics Park in Chennai to be awarded in August, Auto News, ET Auto

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Bidding for the proposed Multi-Modal Logistics Park (MMLP) in Chennai is more likely to shut on August 10, in keeping with officers within the know.

The bids will likely be shortly evaluated and the primary MMLP below the Bharatmala programme will likely be awarded later this month, they mentioned.

“After award of the mission, the non-public sector will make an funding of round ₹782.58 crore for the Chennai MMLP. Bids for the Nagpur and Bengaluru MMLPs are anticipated to shut quickly too,” Prakash Gaur, the chief government of Nationwide Highways Logistics Administration Ltd (NHLML), instructed ET.

Gaur mentioned bids for the MMLP in Bengaluru will shut subsequent, adopted by Nagpur.

The Bengaluru MMLP would require an funding of Rs 935.90 crore from the non-public sector and will likely be awarded in September.

The Nagpur MMLP will want a non-public sector funding of Rs 599.39 crore and it’s anticipated to be awarded in October.

The bidders are competing on a minimum-guarantee income share.

A better income dedication to NHLML boosts a bidder’s prospects of getting an MMLP mission. This income will likely be payable three years after the award of the mission.

Gaur mentioned bids for the Indore MMLP will even be referred to as quickly.

In all, NHLML is creating 35 logistic parks below the Bharatmala Pariyojana. It’s estimated that the entire funding in MMLPs will likely be about ₹70,000 crore.

The federal government and its arms will make investments ₹23,000 crore, whereas builders which are awarded the initiatives will spend Rs 46,000 crore.

Feasibility research are in progress at Mumbai, Pune, Hyderabad, and Coimbatore.

Additionally it is being initiated at Anantapur, Visakhapatnam, Jammu, Kanpur, and Bikdin/Jalna.

At peak capability, the MMLPs are estimated to deal with 700 million metric tonnes (MMT) of cargo.

NHLML shall be sure that a minimal four-lane paved street is offered to the MMLP inside two years from the appointed date.

Rail connectivity within the type of a single line rail siding to the MMLP is to be offered inside 4 years.

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