To stimulate port development, India’s authorities plan to set up a Railway Corporation exclusively to build rail connectivity to 12 major ports.
“We are going to set up a Railway Corporation, which can be important for connectivity of ports. Our proposal to the Cabinet is that every port will have some equity in the company,” Road Transport, Highways and Shipping Minister Nitin Gadkari said PTI.
India has 12 major ports which handle approximately 61 per cent of the country’s total cargo traffic. After connectivity with ports, the Railway Corporation would ensure “goods traffic by railway,” he said.
The development comes in the wake of ports facing problems in rail connectivity.
The Railway Corporation, once set up, will implement all planned rail links to these 12 ports.
Source: businesstoday.intoday.in
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