A memorandum of understanding (MoU) to set up a multi-modal Logistics Park (MMLP) at a cost of Rs 1,200 crore at Mappedu village in neighbouring Tiruvallur district was signed on Tuesday between the Tamil Nadu Investment Development Corporation, National Highways Logistics Management Limited (NHLML) and the Chennai Port Trust (CPT).
Spread across 158 acres, the project which is first of its kind in the state will generate an employment opportunity for about 10,000 youths, said Chief Minister M K Stalin, in whose presence the MoU was signed.
The signing of the MoU which is described as an important day in the history of Tamil Nadu’s industries department also saw the virtual participation of the union minister for Road Transport and Highways Nitin Gadkari, Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal and Minister of State for Road Transport and Highways V K Singh from New Delhi.
“It is the first such park in Tamil Nadu and it will be situated at an important location in close proximity to Sriperumbudur, Pillaipakkam and Oragadam where several industries are existing,” Stalin said.
To be Located in close proximity to the CPRR (Chennai Peripheral Ring Road), Chennai airport, and sea ports, the MMLP will be accoutred with freight terminal with rail and road links, storage facility, and machinery to handle cargo.
“It will have world-class facilities. The MMLP will considerably reduce freight transportation cost,” he said.
While urging the Centre to elicit the participation of the railways in the MMLP, the Chief Minister announced that his government is in the process of evolving a State policy on freight transportation for which a consultant has already been appointed and the policy will be unveiled soon.
Adding Stalin said, the Central government should take steps to establish similar MMLPs in Coimbatore and Thoothukudi and extend the Bengaluru-Chennai expressway (designed to end at Irungattukottai) till the international airport here.
Industries Minister Thangam Thennarasu, Chief Secretary V Irai Anbu, industries principal secretary N Muruganantham, CMD of Kamarajar Port Sunil Paliwal, CMD of TIDCO Pankaj Kumar Bansal and other officials participated.