Railways signs 3 long-term tariff contracts to increase freight share

Unveils new policy for double-stacked dwarf containers

by Janhavi Behere

The Indian Railways (IR) signed three long-term tariff contracts to boost its falling freight share. During the three-year contract period, IR is likely to receive assured earnings worth Rs.14.5 billion. The contracts have been signed under pre-determined price escalation principle. Railway minister Suresh Prabhu said the carrier aims to achieve 45 per cent freight market share in the next 2-3 years from the current 30 per cent. As per a report in Financial Express, the PMO has directed transporters to redirect 20 MT of freight from roads to the railways by the end of FY18.

The IR also unveiled a new policy for running double-stacked dwarf containers. Under this policy, the double-stacked containers will run under overhead wires which will have the capacity to carry 50 tonne of freight compared with 26.5 tonne through single stack container rakes.

References
1. http://www.financialexpress.com/economy/railways-to-run-dwarf-containers-inks-3-contracts-to-bolster-falling-freight-shares/764069/
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Consumer Sentiments Index
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