10 hours ago
Railways to tweak rules for Gati Shakti cargo terminal bidding
New Delhi: Indian Railays is set to revise its guidelines for award of
Gati Shakti Cargo Terminals
(GCTs), a measure aimed at
revenue maximisation
by the national transporter, officials said. It will allow bidders for the terminals to offer a higher premium for bagging rights to operate, said an official, who did not wish to be identified.
The move has been prompted by robust demand from
logistics companies
for some of the terminals being auctioned. The railways is also looking to double the number of terminals.
Bids for GCTs are traditionally called on share of terminal charge and terminal access charges (TC/TAC) that companies are willing to part with India Railways. But there have been instances where logistics players have been willing to fully accede the TC/TAC and even offer additional revenue to the railways.
by Taboola
by Taboola
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New Sakhun, New Gothangam and New Bhaupur are GCTs on the
Dedicated Freight Corridor
where bidders have offered a premium to bag the projects.
"Bid criteria have now been changed to formalise such interest," said another official. Now, a GCT operator can also place negative bids, the official said.
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"The associated land is available free of cost in such projects, allowing bidders to monetise them and offer a premium to the railways," the official said. The change in the criteria come as a build-up to the new
GCT policy
which is expected to be unveiled later this year.
