CURRENT AFFAIRS

Detailed explanation-1: -The 184.27-acre park, awarded by a bidding process, is estimated to cater to 7.17 million metric tonnes of cargo over the 45-year concession period. Reliance Industries has bagged the contract to set up the country’s first multimodal logistics park (MMLP) in Chennai.

Detailed explanation-2: -In news– Reliance Industries Ltd (RIL) has been awarded the project to build India’s first multimodal logistics park (MMLP) in Chennai, Tamil Nadu. MMLP will be spread over 184 acres and cost Rs 1,424 crore.

Detailed explanation-3: -MMLP is officially defined as a freight-handling facility with a minimum area of 100 acres (40.5 hectares), with various modes of transport access, mechanized warehouses, specialized storage solutions such as cold storage, facilities for mechanized material handling and inter-modal transfer container terminals.

Detailed explanation-4: -Building India’s Largest Logistics Park For Future - ESR Group. A Multi-Modal Logistics Park (MMLP) is often an intermodal freight-handling facility with mechanised material handling arrangements, including warehouses, cold chain facilities, freight/ container terminals, and bulk/ break-bulk cargo terminals.

Detailed explanation-5: -Chennai, Nov 12 (KNN) India’s first multi-modal logistics park (MMLP) will be setup by Reliance Industries Ltd (RIL) at Mappedu in Thiruvallur district of Tamil Nadu, the Ministry of Road Transport & Highways said in a statement on Friday.