The foundation stone of the new Multi-modal Logistics Park in Chennai was laid today by Prime Minister Narendra Modi at JLN Indoor Stadium. The MMLP as a part of the Government’s visionary Gati Shakti-National Master Plan is being developed near the Tamil Nadu city of Chennai, in Mappedu, over an area of 184.27 acres. CBRE South Asia Pvt. Ltd has been appointed as the advisor for the development of the project.
The upcoming MMLP in Chennai is expected to be a cutting-edge facility with smart technologies that will address the long-standing “last-mile” delivery difficulty. The Chennai MMLP will provide warehouses, cold storage, cargo terminals, custom facilities, truck terminals, accommodation and boarding facilities for truckers, commercial facilities, and the ability to handle diverse commodities. It will further allow shippers the flexibility to choose between different modes of transportation.
Chennai is a vital site for supply chain and logistics in the south, serving as a gateway for local and international trade. We are honored to have been chosen to collaborate with the government on its nation-building vision and goal. This project will help to strengthen the country’s economy while also facilitating and encouraging seamless exports. Our global perspective and specific knowledge in the logistics industry will aid us in providing essential support and guidance on projects of this size and scope. CBRE will assist the government in the implementation of one of its most ambitious programs, aimed at making India a more resilient, competitive, and vibrant economic hub.”~ Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle East & Africa, CBRE
CBRE has also been chosen as a consultant for MMLPs across four other locations including Mumbai, Silchar, Coimbatore, and Hyderabad. These projects are a part of the promising Bharatmala Pariyojana program launched for the development of world-class infrastructure dedicated to smooth and seamless freight transport across air, road, rail, and water routes.
By knowledge and domain expertise, CBRE India has pioneered various public-private collaborations. MMLP is another such initiative that involves a deep understanding and specialized knowledge of the logistics sector and we are glad to partner with the government’s vision. The MMLP will improve the country’s logistics sector by lowering overall freight costs and time, optimizing warehousing costs, reducing vehicular pollution & congestion, and improving the tracking and traceability of consignments. Along with the 5 projects currently assigned to CBRE, we look forward to many more opportunities of working with the implementing agencies.”~ Preetham Mehra, Senior Executive Director & Head – Government Practice, CBRE India
These MMLPs are positioned to be an enabler of committed long-distance leads and intermodal transport within the influence region of the project. It would serve as a gateway for transhipment, consolidation, and distribution, allowing Hub and Spoke advantages to be realized.