Showing posts with label SPV. Show all posts
Showing posts with label SPV. Show all posts

Monday, 14 November 2022

Reliance Industries will build India's First Multimodal Logistics Park

Reliance Industries Limited (RIL) has acquired India's first Multi-Modal Logistics Park (MMLP) which was awarded by the Ministry of Road Transport, and Highways. The proposed state of art freight of Multi Modal Infrastructure facility handling facility that provides access to various modes of transport. It will be developed in three phases with an estimated budget of Rs 783 crores.

MoRTH is a pioneer in building the state of the art multi modal infrastructure and has made significant progress under the NMP and take up the same MMLP Chennai at Mappedu which is located at 52 Km from Chennai Port, 80 Km from Ennore Port, 87 Km from Katupalli Port is being developed in 184.27 acres and it will be the main focal point of logistics in the southern region. 

Multi Modal Logistics Park @ Chennai

It is estimated that around 7.17 Million Metric Tonne (MMT) cargo in next 45 years.It was the first MMLP awarded to RIL in which the Prime Minister has laid foundation for the development of large scale infrastructure projects on May 26  2022.    

The development of these large kind of infrastructure projects in Public Private Partnership (PPP)  Mode for which both the Central and State governments will work together as SPV formed amongst National Highways Logistics Management Limited (NHLM). Three bids was received including Adani group and two bidders are technically qualified financial bid opening.  The Concession Agreement for MMLPs is on DBFOT (Design ,Build, Finance ,Operate and Transfer) Model.

The Project costs Rs 1,424 crore and it facilitate  cost effective, efficient and value added logistics services like Packing, Sorting, Cargo aggregation and dis-aggregation, distribution, inter modal transfer, repacking features.

   


Thursday, 7 January 2016

India's first Bullet Train from Mumbai- Ahmadabad will run on elevated corridor

Additional secretary ,Transports and Ports Gautam Chatterjee said that The Mumbai - Ahmadabad bullet train is going to run on an elevated corridor with out any fencing so as to prevent people and cattle to cross the river . They want to remove the problems of building underpasses for cattle and vast tracts of land people .

Bullet Train

This project will not pass through Nashik.as it is not technically viable as according to study.The Chief Minister Devendra Fadnavis  also pitched the importance of halt of bullet train at Nashik which will help to boost the tribal felt regions development in Maharashtra.

The Feasibility of this Project is conducted by RITES, Italferr and Systra in July 2015. The Japanese International Co-operation Agency(JICA) is offering Softloan to this project and it is being implemented by using Special Purpose Vehicle (SPV) by Ministry of Railways and the state governments of Maharashtra and Gujarat.The Train covers 11 Routes in its run in which 7 stations are from Maharashtra alone which covers several places like Thane (both Central and Navi Mumbai) , Virar, Palghar, Vapi, Valsad and Ahmedabad

The Total Project cost is estimated as Rs 98,000 Crore and is now expected to increase Rs 10,000 more crore as the govt is planning to build a corridor with an elevated structure.The Train runs with a speed of 505 Kmph and in corridor it runs between 300-350 Kmph.

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