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Multi Modal Logistics Park to come up Mappedu in Tiruvallur district

Development of a Multi-Modal Logistics Park (MMLP) near Chennai and feasibility to run a ferry service between Chennai and Karaikal in Puducherry are some of the projects for which MoUs will be signed with various agencies by the Chennai Port Trust (ChPT) at the Maritime India Summit 2021 to be held online from March 2 to 4.

“We plan to sign 15 MoUs with various agencies at the summit,” ChPT chairman P Raveendran told newspersons while disclosing some of the salient features of the event to be inaugurated by Prime Minister Narendra Modi.

MoU with TN to develop MMLP on 125 acres at Mappedu in Tiruvallur district

An MoU will be signed with the Tamil Nadu government (through the Tamil Nadu Industrial Development Corporation) and National Highways Authority of India (NHAI) to form a Special Purpose Vehicle (SPV) to develop the MMLP on 125 acres at Mappedu in Tiruvallur district at a cost of around Rs 1,500 crore, he told newspersons.

Chennai Port Trust’s investment will be land. The State government has sanctioned  Rs 50 crore for the project and the NHAI will provide connectivity and flyover to the Chennai-Bengaluru high-speed corridor, he added.

ChPT with Puducherry govt and Karaikal port for a ferry service from Chennai to Karaikal

He also said that the ChPT will sign an MoU with the Puducherry government and the Karaikal port for a feasibility study to operate a ferry service from Chennai to Karaikal. Incidentally, this project was suggested by the Union Road Transport Minister Nitin Gadkari during his recent visit to the city.

S Balaji Arun Kumar, Deputy Chairman, ChPT, said MoUs will also be signed with IIT Madras; the National Institute of Ocean Technology;and Dredging Corporation of India and will be followed by firm legal agreements, he said.

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