After the tepid response to its private freight terminal (PFT) policy, the railways have revamped it. They’ve simplified the revenue sharing clause by delinking it from the wholesale price index.
The PFT owner is to pay the railway zone concerned half the prevailing per-tonne terminal charge leviable at their goods shed or Rs 20, whichever is higher. At present, the terminal handling charge for freight carÂgo in a railway goods shed is Rs 40 a tonne. The Railways gets a share in the revenue since the private terminals get conneÂcÂtiÂvity to their network. The RailÂways would not regulate what the PFT owner can charge a cusÂtomer for handling the cargo.
Under the new policy, new PFTs will be sharing revenue after five years and existing ones after two years of the notification. The new policy has fixed a uniform fee of Rs 2 crore for both new and old PFTs. The eligibility criteria for applicants have also been expanded. Now, even a joint venture company or a coopeÂrative society can apply.
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