The Indian Railway Ministry has finalized the private freight terminal policy that is likely to be effective from May 31. The terminals that will come up only in private land are likely along the Delhi-Mumbai freight corridor. The policy would enable rapid development of freight terminals with private investment. The pact is for 20 years and can be extended by another 10 years on request.
The deal is based on 50% revenue share of terminal charges. The policy document placed on the Indian Railways' website, www.indianrail.gov.in promises in-principle nod within 100 days.