Press Release: 17 May 2017,
The Ministry of Road Transport and Highways is planning to develop multimodal logistics parks under its Logistics Efficiency Enhancement Programme (LEEP) in 15 locations all over India at a cost of Rs 33,000 crore, including Rs 1,295 crore investment for the Chennai region.
The National Highways Authority of India (NHAI) signed an MoU with the Tamil Nadu Industrial Development Corporation Ltd. (TIDCO) in New Delhi, for the development of a multimodal logistics park in the Ponneri Industrial Node area near Kamarajar Port in Tamil Nadu.
The MoU was signed in the presence of Union Road Transport and Highways and Shipping Minister Nitin Gadkari and Tamil Nadu’s minister for industries M C Sampath.
The proposed logistics parks will bring down the overall freight costs reduce vehicular pollution and congestion and will enable reduction of warehousing costs.
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