![]() Financial Daily from THE HINDU group of publications Friday, Feb 04, 2005 |
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Logistics
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Shipping Dedicated freight corridor on JNPT-Tughlakhabad sector mooted Our Bureau
New Delhi , Feb. 3 THE Shipping Ministry has suggested the creation of a dedicated freight corridor between Tughlakhabad and the Jawaharlal Nehru port to cater to the burgeoning container movement between the two places. "If the Railway Ministry agrees, we are ready to go for a road show and bring in investors to develop the dedicated freight corridor between JNPT and Tughlakhabad," said the Shipping Secretary, Mr D.T. Joseph, at a CII seminar here. The major ports and the private sector including the private terminal operators are ready to participate in the project, which, according to a preliminary study undertaken by the Indian Ports Association, is estimated to cost about Rs 5,800 crore, he said. Currently, the JNPT-Tughlakhabad sector is facing severe capacity constraints with the wagon deployment touching 140 per cent. "In a few years, this is expected to touch 180 per cent," he added. The proposed freight corridor will reduce costs, increase efficiency without the Railways losing in any manner. "The Railways can decide the terms and conditions while the project promoters will construct the railway lines, procure locomotives and wagons and run the trains," he stated. The Ministry is also looking at ways to expand the role of the Tariff Authority for Major Ports.
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