CBRE Advisors To NHLM For Chennai Multi Modal Logistics Park

BY Realty+

CBRE South Asia Pvt. Ltd, announced that they will act as advisors to National Highways Logistics Management Limited (NHLM) for the development of Multi-modal Logistics Parks. NHLM has recognized Reliance Industries Ltd. as the highest bidder for managing, operating, and maintaining the MMLP at Chennai for a period of 45 years. 

CBRE South Asia Pvt. Ltd, advisors to National Highways Logistics Management Limited (NHLM) for the development of Multi-modal Logistics Parks, has successfully facilitated the award of the bid for Chennai Multi Modal Logistics Park (MMLP). 

The DPR was prepared by consortium of Howe Engineering India and CBRE South Asia Pvt. NHLM has recognized Reliance Industries Ltd. as the highest bidder for managing, operating, and maintaining the MMLP at Chennai for a period of 45 years.

NHLM had received three bids for the Chennai MMLP, and out of the three bids, two bidders technically qualified for financial opening. The Model Concession Agreement for MMLPs will be the Design, Build, Finance, Operate, and Transfer (DBFOT) model. CBRE and Howe Engineering are consultants for the Chennai project. 35 MMLPs are being implemented by the Ministry of Road Transport and Highways to be developed under Public Private Partnership (PPP) model.

The foundation stone of the MMLP project was laid by the Hon’ble Prime Minister of India, Shri Narendra Modi, earlier in May this year. As part of the Government’s visionary Gati Shakti-National Master plan, Chennai MMLP is strategically located at Mappedu, the heart of the auto cluster of Sriperumbudur in Chennai.

The MMLP in Chennai is expected to be a cutting-edge facility with smart technologies that will address the long-standing "last-mile" delivery difficulty. The MMLP will improve the country's logistics sector by lowering overall freight costs and time, optimizing warehousing costs, reducing vehicular pollution & congestion, and improving the tracking and traceability of consignments.

Speaking on occasion, Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, “We would like to congratulate NHLM for achieving the milestone of announcing the first successful bidder for maintaining MMLP in Chennai. We are honoured to have been chosen as their advisor to leverage the government’s nation-building vision and goal. The development of MMLP in Chennai region will strengthen the overall economy of the nation and will provide essential support.  CBRE will continue to assist the government in implementing one of its most ambitious programmes, to make India a more resilient, competitive, and vibrant economic hub.

CBRE is also the consultant for MMLPs across four other locations, including Mumbai, Silchar, Coimbatore, and Hyderabad. These projects are a part of the promising Bharatmala Pariyojana programme launched to develop world-class infrastructure dedicated to smooth and seamless freight transport across air, road, rail, and water routes. It is estimated that currently, more than 70% of the national cargo moves through roads and national highways, causing pollution and stress on the roads. These MMPLs will help bring the logistics costs down from the present 13-14% of India's GDP to 8-10%, the investment benchmark followed by developed nations such as Japan and the EU. The project aims to transform the Indian infrastructure and logistics landscape by bringing greater efficiencies and eliminating operational redundancies.

These MMLPs are positioned to be an enabler of committed long-distance leads and intermodal transport within the influence region of the project. It would serve as a gateway for transshipment, consolidation, and distribution, allowing Hub and Spoke advantages to be realized.

Tags : CBRE South Asia Pvt. Ltd National Highways Logistics Management Limited logistics Reliance Industries Ltd Anshuman Magazine Chairman & CEO - India South-East Asia Middle East & Africa CBRE