Railway launches Rs.5,000-cr freight terminals

    Railway launches freight terminals
    In its quest to streamline the freight movement across the country, Indian railways planned to set up 60 freight terminals on public-private partnership basis in this financial year, at an investment of Rs.5,000-crore. The move will help add nearly 55 million tons to the total loading capacity as they will mostly come up near power plants, cement factories, private ports and coal sidings, a senior railway board official said, claiming that the railways added 40 freight terminals to its network. Companies including Reliance Cement Company, Hindustan Petroleum, GMR Energy, UltraTech Cement, Adani Agri Logistics, IOCL, and NTPC, invested about Rs.2,000 crore during the year in setting freight terminals near their plants. In fact, railways has set a target of 1,200 million tons of freight for this fiscal, higher than about 1,107 million tons loaded last year. In addition, it will soon unveil its goods shed modernization policy, under which it will allow logistics firms and e-commerce companies to have their warehouses at the stations.
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